The Income Tax Department has detected undisclosed income worth over Rs 3,651 rupees and seized new notes worth more than Rs 98 crore as part of its country-wide operations against black money after the demonetisation move announced by the central government on November 8.
Officials said that the taxmen have carried out a total of 785 search, survey and enquiry operations under the provisions of the Income Tax Act, across the country, since the note ban was declared.
"The total undisclosed income admitted or detected as part of this action, till December 22, is more than Rs 3,651 crore," an official said.
The I-T department has issued 3,647 notices to various entities on charges of tax evasion and hawala-like dealings, till Thursday.
The agency has also referred over 230 cases to the Enforcement Directorate (ED) and 190 cases to the CBI in order to enable them to probe other financial crimes like money laundering, disproportionate assets and corruptions as part of their legal mandate.
A total of 215 cases has been referred to the Enforcement Directorate and 185 cases to the CBI in order to enable them to probe other financial crimes.
The I-T department has seized cash and jewellery worth over Rs 522 crore, with cash being Rs 433 crore, during the same period and the new currency seized is valued at more than Rs 98 crore.
Post government's demonetisation decision on November 8, several agencies have been conducting raids to crackdown on illegal money launderers.