Friday, December 14 2018

January 13, 2018

Income Tax raid,Rs 85cr seizes from illegal Delhi vault

New Delhi- Income Tax Department in a raid has seized a total of 85.2 crore rupees in cash, bullion and jewellery after a search at a private vault in Delhi as part of its anti-black money drive.Official sources said a fresh seizure in Income tax raid of over 23 crore rupees in gold jewellery, biscuits, precious stones and cash was made from the vault by the sleuths of the investigation wing. Private lockers or vaults, that operate like normal bank lockers, are illegal and not recognised under the law.Assets worth more than 61 crore rupees were seized by the department over the week from multiple lockers located in the vault in the South Extension area of Delhi.