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IT Dept recovers Rs 20 crore cash in raids on real estate firm

By ANI | Updated: March 15, 2022 23:40 IST

The Income Tax department has recovered Rs 20 crore cash during the raids conducted on various locations linked to real estate firm Omaxe Limited, sources said on Tuesday.

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The Income Tax department has recovered Rs 20 crore cash during the raids conducted on various locations linked to real estate firm Omaxe Limited, sources said on Tuesday.

During the raids, the IT officials have also seized the "accounts and sales documents which show more than Rs 200 crore unaccounted transactions of the company".

The Income Tax Department started raids at various locations of Omaxe Limited on Monday. The searches continued for the second day on Tuesday. Out of the 45 premises, searches are still underway at 38 premises, the sources said.

Searches are underway in Delhi-NCR, Chandigarh, Ludhiana, Lucknow and Indore. Around 250 officers and officials are involved in the search operation.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: OmaxeIncome Tax DepartmentIncome tax officeDepartment of expenditure of ministry of financeIncome-tax department
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