new delhi the income tax department has detected rs 100 crore unaccounted income after it recently raided a gujarat company engaged in manufacturing of chemicals and in real estate the cbdt said on sundaythe searches were carried out on november 18 at more than 20 premises located in vapi sarigam valsad district silvassa and mumbaiincriminating evidences in the form of documents diary notings and digital data showing earning of huge unaccounted income by the group and its investment in assets have been seized the cbdt said in a statementthe evidences clearly indicate evasion of taxable income by adopting various modusoperandi such as suppression of production use of bogus purchase invoices without actual delivery of the goods to inflate purchases availing of bogus gst credit claim of bogus commission expenses etc it saidthe central board of direct taxes cbdt that frames policy for the tax department said that the group received unaccounted money as part of immovable property transactionsall these have resulted into generation of unaccounted cash the statement saiddocuments related to cash transactions and investments in immovable properties and cash loans have also been seized by the taxman it said adding 25 crore cash and jewellery worth rs 1 crore was seized during the operation while 16 bank accounts have been frozen the cbdt saida preliminary analysis of the documentsevidence unearthed during the search has indicated that estimation of unaccounted income is likely to be more than rs 100 crore the statement said