I-T dept unearths tax evasion and unexplained investments amounting to Rs 50 cr in J-K

The operation conducted on a prominent hotelier led to seizure of incriminating documents showing unexplained investments in immovable properties, construction of hotels and residences aggregating to Rs 25 crore in the last six financial years. Unpaid taxes since assessment year 2014-15 and investments in cash outside known sources of income have also come to fore.