Bihar Income Tax Detects Rs 100 Crore "Unaccounted Income" In 5 Cities
NDTV
The raids were done on a few groups engaged in the business of gold and diamond jewellery and real estate on Thursday.
The income tax department of Bihar today said it detected more than Rs 100-crore unaccounted transactions and Rs 12-crore stock in gold and diamond during a search and seizure action in five cities.
The raids were done on a few groups engaged in the business of gold and diamond jewellery and real estate on Thursday.
These searches were carried out at more than 30 premises spread over Patna, Bhagalpur, Dehri-on-Sone, Lucknow and Delhi, according to a statement from the ministry of finance.
During the search operations, unaccounted cash and jewellery worth more than Rs 5 crore have been seized. A total of 14 bank lockers have been put under restraint. The statement said so far, the search action has led to the detection of unaccounted transactions exceeding Rs 100 crore.
