Rs 16-Crore Cash Seized After Tax Raids In Poll-Bound Tamil Nadu
NDTV
The searches were carried out on March 16 and 17 in Chennai, Tiruppur and Dharapuram.
The Income Tax Department has seized "unaccounted" cash of over Rs 16 crore and detected black income of about Rs 80 crore after it raided multiple entities in poll-bound Tamil Nadu, the Central Board of Direct Taxes (CBDT) said on Friday. It said the action was part of an election surveillance being carried out by the department for the ensuing assembly elections in Tamil Nadu and Puducherry. The searches were carried out on March 16 and 17 in Chennai, Tiruppur and Dharapuram. "Five premises belong to five entities, who, in addition to their regular business, are also acting as cash handlers. The action resulted in a cash seizure of Rs 5.32 crore," the Board said in a statement.More Related News