surat the investigative wing of the income tax department it is expected to recover tax to the tune of rs 32 crore following the unaccounted income disclosure of rs 107 crore by the seven leading real estate groups in the city on friday official sources said the disclosure of unaccounted income was a voluntary action by the assesses during the search and seizure operation the parties under investigation revealed the income over and above the income they reported in the tax returns however this income is taxed at a rate of around 33 per cent during the search and seizure operation against real estate groups the department is learnt to have seized about 28 bank lockers the assessment of the documents and other things found from the bank lockers is still going on the seven real estate groups which have disclosed unaccounted income to the tune of rs107 crore are liable to pay income tax latest by march 15 the parties have been informed to pay up their dues in time in order to avert any action from the department a senior it officer said