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TMI BlogIncome Tax Department makes high cash seizure in PuneX X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Department makes high cash seizure in Pune X X X X Extracts X X X X X X X X Extracts X X X X ..... xes New Delhi, 07th November, 2019 PRESS RELEASE Income Tax Department makes high cash seizure in Pune Income Tax Department conducted a search in the case of a businessman in Pune on 04/11/2019 an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d made a high cash seizure. The search was conducted at the residence of the businessman. Intelligence information was received on 04/11/2019 that the businessman was in possession of large amount of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cash at his residence and that this cash was likely to be moved within short span of time. In a swift action, some preliminary discreet enquiries were made to ascertain the availability of cash and a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... single warrant was executed to search the residence of the individual, along with survey u/s 133A at his business premises. The assessee is in the business of construction subcontracting and real est ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate activities. During the search, unaccounted cash amounting to ₹ 9.55 crore was found and seized. This is the highest cash seizure in Pune by the Income Tax Department till date. Investigation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in the case are still under progress.
(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT. X X X X Extracts X X X X X X X X Extracts X X X X
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