Three months after the income tax department conducted searches on his businesses, liquor baron Ponty Chadha is said to have reported Rs 175 crore of
'undisclosed' income to the department. 

"The business group has admitted an undisclosed income of Rs 175 crore and further tax related proceedings are on," official sources said. The IT department has begun the process of collecting tax on the concealed income after it recently got the challans (receipts) deposited after the raids from the business entities of Chadha, the sources said.

Also read: How Ponty Chadha mixed power, politics and alcohol