The Income Tax Department had conducted searches on Tuesday in the case of a leading wholesale bullion and Gold Jewellery dealer doing business from Chennai. <br />''<br />''The search operation was carried out at 32 premises located in Chennai, Mumbai, Kolkata, Coimbatore, Salem, Trichy, Madurai and Tirunelveli. The searches, so far, have resulted in the detection of undisclosed income of more than 500 crore rupees.<br />'' <br />''Central Board of Direct Taxes, CBDT said, the evidence unearthed includes unaccounted stock maintained by the assessee at various places. Around 814 kilogram of excess stock valued at around 400 crore rupees was identified and would be brought to tax.<br />'' <br />''<span style="color: #222222;">The data from the system maintained by the group shows a net income of 102 crore rupees outside books for the financial year 2018-19 alone. </span><br />