New Delhi Mar 31 PTI The Income Tax Department has found alleged illegal business expenses of over Rs 800 crore Rs 60 crore unaccounted cash used to purchase land in Delhi and role of some shell companies after it raided Hero Motocorp and two other groups officials said on ThursdayThe raids were launched on March 23 and the countrys largest two-wheeler maker had then said it was extending full cooperation to the tax authorities who visited its offices in Delhi and nearby Gurugram apart from the residence of its chairman and CEO Pawan MunjalThe CBDT issued a statement saying the operation was carried out on a leading automobile manufacturer group along with a company operating chartered flights and a real estate group of Delhi-NCR covering more than 35 premisesIncriminating documents and digital evidence have been found and seized indicating that the expenses ostensibly shown to have been claimed towards business purposes are not fully supported by evidencesExpenditure aggregating to more than Rs 800 crore has been booked in the guise of purchase of services from a specific event management entity the policy-making body for the tax department saidThis entity it said has siphoned off the money by way of layeringSuch claims towards non-business purposes are inadmissible expenditure under the provisions of the Income-tax Act the CBDT saidIt was also found that 10 acres of farm land in Delhi was purchased through a few paper companies it saidIn such transactions unaccounted cash component of over Rs 60 crore was purportedly involvedThe ultimatereal beneficiary of the land deal is a prominent person of the automobile manufacturer groupThe intermediary who facilitated the said deal has admitted in his statement that major part of the sale consideration was paid in cash the statement saidThe officials said this action was carried out against Hero Motocorp and Pawan MunjalWhile a statement from the company on the CBDT statement is awaited it had said in a regulatory filing on Tuesday that it was a law-abiding corporate with robust internal financial controls and its financial statements are duly auditedIn the case of the real estate business entity the CBDT said several incriminating documents have been unearthed from the premises of persons involvedThese contain records of on-money cash transactions where cash was being received in lieu of sale of units in their various real estate projects across Delhi it saidIn the case of the company operating chartered flights the statement said evidence related to booking of bogus expenses and non-recognition of income totalling to over Rs 50 crore rotation of funds and suspicious loans through a dubious NBFC non banking financial company floated by a key person layering and re-routing of funds through paper companies and claiming bogus interest expenses etc were unearthedIt said undisclosed cash worth more than Rs 135 crore has been seized and jewellery over Rs 3 crore has been kept provisionally under restraint PTI NES MSS IJT