"The anti-tax evasion action was undertaken against three major groups involved in fish processing business in Mangalore and Udupi regions of Karnataka. The investigation wing of the department based here spearheaded the operation," a senior I-T officer said.The department, till now, has seized "unaccounted" cash to the tune of Rs 88 lakh as part of these operations that were launched on February 8 by involving over 150 sleuths from its various offices in Bengaluru, Mysuru, Hubli, Belgaum and Panaji. "The searches also resulted in unearthing of nearly Rs 195 crore undisclosed income so far. ""A similar modus operandi is believed to be followed by many entities and individuals connected with the fishing industry. All such persons may like to come forward and pay due taxes on their own," it said.

Source: Economic Times February 12, 2018 12:33 UTC