I-T Dept seized â¹600 crore in cash, valuables post note ban
The Income Tax Department has seized cash and valuables totalling â¹600 crore in search and survey operations post demonetisation, Finance Minister Arun Jaitley said on Tuesday. The department carried out searches and surveys in over 1,100 cases during the two-month period ending January 10, 2017. Furthermore, over 5,100 notices were issued for verification of suspicious high-value cash deposits.