The Income Tax Department sleuths have seized Rupees 10 crore during raids at the various premises of a leading finance broker here. The raids were conducted at five premises which included two private safe vaults on Monday morning and the assessement and valaution were still on till late last evening, a department spokesman said.Lockers at safe vaults were hired by the broker on fictitious names. The search of these lockers led to the seizure of Rs 10 crore.
This is the highest cash seizure ever made in Rajasthan by the Income Tax Department. Earlier, seizure of Rs 7.14 crore was made in 2006, the spokesman said. According to the sources, the broker had surrendered for taxation income and assets worth Rs 22 crore.
This is the highest cash seizure ever made in Rajasthan by the Income Tax Department. Earlier, seizure of Rs 7.14 crore was made in 2006, the spokesman said. According to the sources, the broker had surrendered for taxation income and assets worth Rs 22 crore.
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