The Income Tax Department has detected unaccounted income to the tune of Rs 100 crore in a search and seizure operation on a leading Gutkha distributor of Gujarat, according to a finance ministry statement.

The search operation has resulted in the seizure of unaccounted cash of about Rs.

7.5 crore and unexplained jewellery of about Rs. 4.00 crore. Bank lockers belonging to the owners of the company have also been sealed, the official statement added.

The search action carried out on November 16, covered more than 15 premises at different locations in Ahmedabad.

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The group has admitted undisclosed income exceeding Rs. 30 crore.

During the course of the search action, various incriminating documents and digital evidence were found and seized. The preliminary analysis of the evidence clearly indicates evasion of taxable income by adopting various malpractices such as unaccounted purchases of materials, under-invoicing of sales, and unaccounted expenditure incurred in cash.

Further analysis of seized material reveals that part of these cash sales have not been recorded in the books of accounts. The search team has also unearthed evidence of undisclosed

investment in immovable properties.

Further investigations are still in progress.