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TMI BlogSeizure of 106.52 crore Cash and 127 kg Gold in the case of Sand mining Contractors at Chennai by the Income Tax DepartmentX X X X Extracts X X X X X X X X Extracts X X X X ..... Seizure of 106.52 crore Cash and 127 kg Gold in the case of Sand mining Contractors at Chennai by the Income Tax Department X X X X Extracts X X X X X X X X Extracts X X X X ..... Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 09 December, 2016. PRESS RELEASE The Investigation Directorate of Income Tax Department at Chennai conducted se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arches on 08.12.2016 in the case of a group engaged in sand mining. The group has sand mining licence for the entire state of Tamil Nadu. Eight premises (six residential & two offices) were covered in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the search. During the search, ₹ 96.89 crore cash in Old High Denomination Notes and ₹ 9.63 crore in new ₹ 2000 currency notes along with gold weighing 127 kgs worth approximately & ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... #8377; 36.29 crore were found and seized, as unaccounted assets. The search is still in progress at 4 out of total 8 premises. More specific details including modus-operandi would emerge after examin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation of the documents and other evidence detected during the search.
(Meenakshi J.Goswami)
Commissioner of Income Tax
(Media and Technical Policy)
Official Spokesperson, CBDT. X X X X Extracts X X X X X X X X Extracts X X X X ..... release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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