The Income Tax department during a search on the premises of a business group in north Bengal, recently, seized unaccounted cash of ₹1.73 crore along with unaccounted jewellery worth ₹.1 crore.
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“The business group is controlled by a person with an active political background. Search was also conducted on his close business associate. The group is engaged in a variety of businesses ranging from production and sale of edible rice bran oil, mustard oil, De-Oiled Rice Bran [DORB], different types of chemicals and real estate, etc.,” a press statement by the Ministry of Finance said on May 16.
