Income Tax Department conducts searches in Bhopal

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..... Income Tax Department conducts searches in Bhopal
News and Press Release
Dated:- 22-8-2020

The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various l .....

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..... ocations in Bhopal. The key person of one of the groups covered used to run a bangles shop. Another person covered is a property builder/developer and is also running a cricket academy. During the co .....

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..... urse of the search operation, documents pertaining to about 100 properties in the nature of plots, flats and agricultural lands having market value of about ₹ 105 crore have been found. Document .....

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..... s indicate that a huge amount of undisclosed cash was invested in these properties in the last 6 years. Most of the properties have been found in the names of persons of no means, indicating that thes .....

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..... e are benami properties. During the search, cash and jewellery worth ₹ 1.8 crore have been seized. Further, documentary evidence gathered during the search operation indicates partnership/assoc .....

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..... iation with some retired government servants and holding of their benami properties. Investigations are still in progress.
News - Press release - PIB .....

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