Bengaluru: The four-day Income Tax (I-T) search and seizure operations against actors and producers, among others, of the Kannada film industry have led to admission of unaccounted for income of Rs. 109 crore, the IT Department said in a statement yesterday.
The Department, however, said: “The searches yielded incriminating evidence on many issues, but no admission has been made. The detection of concealed income will be much higher.” IT officials seized undisclosed assets worth Rs. 11 crore, including 25.3 kg gold jewellery and they also recovered Rs. 2.85 crore in cash.
