25 crore cash and jewelery worth Rs 15 crore have been found in Income Tax raids on the premises of Chiripal Group engaged in textile, packaging and education in Gujarat. Income Tax officials had collected 25 crore cash at one place. Instead of bringing a cash counting machine to count the notes, they went straight to the bank with the full amount. After counting the notes in the bank, deposit it.

16 crores found from the bedroom of a person belonging to the group

 According to Income Tax sources, a total of 45 locations of Chiripal Group were raided simultaneously. During the investigation of the bungalow of a person belonging to the group, Rs 16 crore in cash was found from the bedroom almirah. It has bundles of 2000 and 500 notes. Apart from this, Rs 9 crore has been seized from other locations separately. The investigation also found unaccounted income from real estate investments of the group. Experts say that the seized amount will attract 115 percent tax.

Now checking of digital documents

 After the cash, the digital documents found from the group are now being scrutinized by the FSL officials. Sources involved in the investigation say that some of the transactions found in the documents are underbilling. There is also underbilling, especially in business sales. Underbilling means that there is less tax to be paid in it, because, in this, the bill of goods sold is less.