“Of this, Rs 487 crore has been admitted by the group entities as their undisclosed income,” said the ministry in an official statement.
The search operation was carried out at about 50 locations in six States, including Telangana and Andhra Pradesh.
The total unaccounted income unearthed during the searches is estimated to be around Rs 550 crore till now, I-T sleuths said. The search operation was carried out at about 50 locations in six states.
These two media houses in their reporting were critical of the way the government had handled the second wave of Covid-19.
This is the second instance of tax raids against DMK leaders ahead of the Tamil Nadu assembly election on 6 April.
I-T department insists Palace Grounds deal involving Karnataka minister DK Shivakumar was benami one
The I-T department has claimed that a relative of D K Shivakumar, Chandrashekar and Vishalakshi Devi of the Mysuru royal family have admitted that the money came from the minister himself.
The office of Tamil channel "Jaya TV" here, TTV Dhinakaran's farm house off Auroville near Puducherry and premises of several other relatives of Sasikala at various other places were searched.
The places raided included the residence of M. Natarajan, Sasikala's husband, in Thanjavur; Kodanad Tea Estate belonging to Jayalalithaa; Jazz Cinemas, Midas Distilleries, Jaya TV and Dr Namadhu MGR.
The searches were conducted in connection with unexplained routing of cash post-demonetisation through shell companies allegedly connected to Sasikala and her nephew TTV Dhinakaran.
uOn Thursday, a team of around 1,800 IT officials knocked at the doors of 187 premises-residences, offices and farm houses -- to carry out one of their biggest searches on Sasikala's family.
I-T raids on Jaya TV | It's a plot to bar Sasikala from politics, claims TTV Dhinakaran; documents seized from old channel office
IT sources said the raids are being conducted in almost 200 places connected to jailed AIADMK leader VK Sasikala and her extended family spread across various cities and states.