Used Luxury Car Showroom Raid in Kozhikode, Kerala: Income Tax Dept unveils Rs. 102 Cr Black Money

The Income Tax Department conducted a raid on a used luxury car showroom in Kozhikode, Kerala, revealing black money transactions amounting to Rs 102 crore. The raid uncovered undisclosed income and investments, including undeclared properties and assets. This operation is part of the government's crackdown on black money and tax evasion. Such actions highlight the importance of rigorous financial audits and compliance with tax laws to prevent illegal financial activities.