Jalna: The Income Tax Department seized around Rs 390 crore of "benami" property or "unaccounted" assets during raids at multiple locations linked to some business groups in Maharashtra's Jalna over tax evasion, officials have said.
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.
#Maharashtra: Income Tax conducted a raid at premises of a steel, cloth merchant & real estate developer in Jalna from 1-8 Aug. Around Rs 100 cr of benami property seized - incl Rs 56 cr cash, 32 kgs gold, pearls-diamonds & property papers. It took 13 hrs to count the seized cash pic.twitter.com/1FWloJuzvH
— Dynamite News (@DynamiteNews_) August 11, 2022
The raids were conducted between August 1 and 8 at the residential and official premises linked to two business groups dealing in steel, clothing, and real estate.
The Income Tax Department had formed five teams comprising 260 officials from across the state for the search operation after receiving inputs about alleged tax evasion by these business groups. (with Agency inputs)
