Gujarat's Income Tax department has detected allegedly undisclosed income of Rs 111 crore during a I-T survey on a transport and logistics firm.
"On the basis of evidences gathered and inquiries conducted, the taxpayer group has surrendered Rs 111 crore as undisclosed income," an I-T official said, adding the survey was conducted at three premises of the firm, involving around 25 I-T officials.
During the survey, documents pertaining to "undisclosed" income and investments in assets were found, he said.