I-T dept unearthed ₹56k cr undisclosed income since 2014
The Income Tax department has unearthed undisclosed income worth ₹56,378 crore during search operations conducted since 2014 and seized cash of about ₹2,000 crore. With IT upgradation, ₹16,000 crore has been recovered from non-filers of tax returns, Finance Minister Arun Jaitley said. The government is also taking steps to deal with the names mentioned in the Panama Papers, he added. 