TIL Desk/Business/New Delhi-The Income Tax Department has detected undisclosed income worth Rs 22,475 crore in over 9,500 surveys conducted over the past two years, Finance Minister Arun Jaitley said today.
As part of enforcement measures the department has conducted searches in 990 groups of assessees during the last two years (2014-15 and 2015-16), seizing undisclosed assets worth Rs 1,474 crore, he said in a written reply to a question in the Lok Sabha.
“During the same period, 9,547 surveys conducted resulted in detection of undisclosed income of Rs 22,475 crore,” Jaitley said. He said there has been a “significant rise” in criminal prosecutions filed by the I-T department in last two years.
