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I T Seizes Rs 393 Cr Cash Including Rs 77 Cr In New Currency

Dec. 16 Crime, Economy Comments

[New Delhi]I T Deppt Seizes Rs 393 Cr Cash Including Rs 77 Cr In New Currency After Demonetization
Income Tax Searches lead to Admission of Undisclosed Incomes of Rs. 2600 Crore since 8th November, 2016.
The Income Tax Department has continuously been carrying out investigations since the de-monetisation of Old High Denomination (OHD) currency announced by the Government on 8th November, 2016.
While Searches have been carried out in
291 cases across the country,
295 cases have been covered by survey action. In addition to these, open enquiries have been effected in more than
3000 cases. Approximately
Rs. 393 Crore including
Rs. 316 Crore cash and
Rs. 77 Crore worth of jewellery has been seized.
As a result of these investigations, approximately
Rs. 2600 Crore of undisclosed income has been admitted by the taxpayers.
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