I-T raids conducted in Kolkata

I-T raids were conducted in Kolkata on March 3 based on intelligence gathered by the department. The department, however, did not reveal the identity of persons whose premises were searched.

New Delhi: The Income Tax Department has carried out searches and seizure operation on two separate persons based in Kolkata, who are engaged in the handling of cash of others on a commission basis.

The search was carried out on March 3 based on intelligence gathered by the department.

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The Income Tax Department said that the search operation has resulted in the seizure of total unaccounted cash amounting to Rs 121.50 lakh.

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The department, however, did not reveal the identity of persons whose premises were searched.

It said that further investigations were in progress that would bring out more details.

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IANS