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IT Dep. conducts search on a “wellness group” in Chennai; unaccounted cash of Rs. 409 crore unraveled

October 18, 2019
The Income-tax Department has conducted search action in the case of a conglomerate of trusts and companies that ran year-round "wellness courses" and training programmes in philosophy, spirituality, etc. at various sprawling residential campuses. It was learnt that the group also earned unaccounted income through receiving cash from property sales over and above documented values. A preliminary estimate of such unaccounted cash receipts was Rs. 409 crore from FY 2014-15 onwards.
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