"This is the biggest disclosure of unaccounted income in the state so far," Additional Director of Income Tax, Sanjee, said.
The search and seizure operation at 21 residential and business premises of the hotelier in Jaipur, Dausa and Delhi was launched yesterday and concluded today.
"During the operation, sleuths detected several financial irregularities," Sanjee claimed.
Vital incriminating documents and cash of Rs 12 lakh were found from the residence and head office, he said.
He said the hotelier and his son are NRIs based outside India. The group owns four hotels, including a five star and a heritage hotel, in and around Jaipur which were also covered under the operation.
The group has residential and commercial complexes at Jaipur, Dausa, Bharatpur, Vrindavan and other cities and also planning to develop a hotel at Hyderabad.
Besides, it is also engaged in manufacturing and export of gold and silver jewellery and precious/semi-precious stones studded ornaments mainly to the US and Hong Kong, he added. PTI SDA GSN