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Nearly Rs 2.5-cr cash seized during IT raid at trader’s home

 Income Tax Department sleuths raided the residence of a trader in the neighbouring Shamli district and seized nearly Rs 2.5…

PTI | Muzaffarnagar | December 1, 2017 11:34 am

Nearly Rs 2.5-cr cash seized during IT raid at trader’s home

Photo: incometaxindia.gov.in

 Income Tax Department sleuths raided the residence of a trader in the neighbouring Shamli district and seized nearly Rs 2.5 crore in cash, an official said on Friday.

According to the department’s Commissioner Yogesh Nayyar, Rs 2,35,00000 in cash was seized from the residence during the raid on Thursday, besides documents about undeclared assets.

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The officer said some of the documents relate to ‘benami properties’.

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