Around Rs 390 crore of benami property or unaccounted assets seized by the Income Tax Department. IT raided at multiple locations linked to some business groups in Maharashtra’s Jalna over tax evasion. The seized assets included Rs 56 crore in cash and 32 kilograms of gold, pearls and diamonds worth Rs 14 crore. Officials also recovered some property documents and digital data during the raids.
The raids were conducted between August 1 and 8 at the residential and official premises.
The raids were conducted between August 1 and 8 at the residential and official premises. These are linked to two business groups dealing in steel, clothing, and real estate. It took the officials about 13 hours to count the exact amount of cash seized during the raids. After receiving inputs about alleged tax evasion by these business groups; the Income Tax Department had formed five teams comprising 260 officials from across the state for the search operation.