I-T dept. seizes cash, jewellery after raids on 2 Ludhiana real estate developers
The Hindu
The raids were conducted on November 16 and 40 premises of the un-identified groups were covered.
The Income Tax department has seized over ₹4 crore worth jewellery and cash after it raided two real estate developers of Ludhiana in Punjab about two weeks back, the CBDT said on Saturday.
The raids were conducted on November 16 and 40 premises of the un-identified groups were covered.
The major finding after the operation against the groups is about the receipt of unaccounted cash on property transactions, the Central Board of Direct Taxes (CBDT) said in a statement.
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