Saturday, June 22, 2024
Advertisement
  1. You Are At:
  2. News
  3. Maharashtra
  4. Income Tax department raids Nashik-based jewellers, seizes Rs 116 crore in cash and assets

Income Tax department raids Nashik-based jewellers, seizes Rs 116 crore in cash and assets

The Income Tax Department has launched searches in response to alleged undisclosed transactions by its proprietor.

Edited By: Arushi Jaiswal @JaiswalArushi Nashik Updated on: May 26, 2024 12:52 IST
Nashik, IT raids
Image Source : ANI IT dept raid in Nashik at Surana Jewellers

IT raids: The Income Tax Department on Sunday conducted a raid on Maharashtra's Nashik-based Surana Jewellers in response to alleged undisclosed transactions by its proprietor.  According to IT department officials, about Rs 26 crore in cash and documents of unaccounted wealth worth Rs 90 crore have been seized during the searches.

Reports suggest that the Income Tax Department formed different teams to conduct this raid, which also included searches at the residences of family members.

This operation by the Income Tax Department lasted for an extended period. The discovery of such a significant amount of property with a bullion trader has sparked discussions. Currently, officials are endeavouring to determine the source of the businessman's substantial wealth.

Stir in Maharashtra due to  action of Income Tax 

The Income Tax Department has been in a very alert mode for the last few days in Maharashtra. Recently, the department had taken a big action in Nanded and seized unaccounted property worth Rs 170 crore. After this, the department has done a big job in Nashik today.

This action of the Income Tax Department has created a stir in Maharashtra. According to the information received, it took the Income Tax Department several hours to count the notes. Many teams were called for this and then the figure that came out was shocking.

Also Read: Akola hottest city in Maharashtra at over 45 degrees Celsius, public gatherings banned till May 31

Also Read: Pune Porsche Accident: Candle march held to pay tribute to two techies killed in accident

 

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Maharashtra

Advertisement
Advertisement
Advertisement
Advertisement