IT dept detects Rs 100-cr black income seizes Rs 2345-cr cash after raids on Nashik realtor
New Delhi Oct 25 PTI The Income Tax Department has seized unaccounted cash of Rs 2345 crore and detected black income of Rs 100 crore after it recently raided a Nashik-based land aggregator the CBDT said on MondayThe searches were conducted on October 21The main persons who had invested their unaccounted income towards purchase of large patches of land were also searched the Central Board of Direct Taxes CBDT said in a statementMost of these persons are engaged in the wholesale trading of onions and other cash crops in the Pimpalgaon Baswant region of Maharashtra the CBDT saidIt claimed incriminating evidences including records of large cash transactions made by these traders for investments in properties have been seizedSeveral bank lockers found during the search have been locked the statement saidSo far unaccounted income of more than Rs 100 crore has been detected as a result of the search operation the CBDT said PTI NES TIR TIR
New Delhi Oct 25 PTI The Income Tax Department has seized unaccounted cash of Rs 2345 crore and detected black income of Rs 100 crore after it recently raided a Nashik-based land aggregator the CBDT said on MondayThe searches were conducted on October 21The main persons who had invested their unaccounted income towards purchase of large patches of land were also searched the Central Board of Direct Taxes CBDT said in a statementMost of these persons are engaged in the wholesale trading of onions and other cash crops in the Pimpalgaon Baswant region of Maharashtra the CBDT saidIt claimed incriminating evidences including records of large cash transactions made by these traders for investments in properties have been seizedSeveral bank lockers found during the search have been locked the statement saidSo far unaccounted income of more than Rs 100 crore has been detected as a result of the search operation the CBDT said PTI NES TIR TIR
