MY KOLKATA EDUGRAPH
ADVERTISEMENT
regular-article-logo Friday, 21 June 2024

I-T dept finds Rs 26 crore 'unaccounted' cash after raids at Nashik-based jewellery company

In a similar action, the department had recovered Rs 57 crore in cash during raids at an Agra-based (Uttar Pradesh) shoe trader and some linked entities last week

PTI Nashik Published 26.05.24, 09:37 PM
Representational image.

Representational image. File picture.

The Income Tax Department has recovered about Rs 26 crore "unaccounted" cash following raids carried out at a jewellery company based in Maharashtra's Nashik, official sources said Sunday.

The searches were launched following inputs regarding alleged tax evasion by the jewellery company and its promoters, the sources said.

ADVERTISEMENT

About Rs 26 crore in cash has been recovered till now during the searches, they said, adding that some "incriminating" documents related to alleged undisclosed investments have also been found by the search teams and are being scrutinised.

In a similar action, the department had recovered Rs 57 crore in cash during raids at an Agra-based (Uttar Pradesh) shoe trader and some linked entities last week.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

RELATED TOPICS

Follow us on:
ADVERTISEMENT