Key Points
The value of the unaccounted cash seized by the Income Tax Department from the premises linked to Congress Rajya Sabha MP Dheeraj Sahu in Odisha and Jharkhand is likely to amount to Rs 300 crore figure, official sources said on Saturday...
With this, the cash seizure in the raids which began on Wednesday, will make it the "highest-ever" black money haul by any agency in a single operation, reported news agency PTI, citing official sources...
The department also acquired more vehicles to transport the seized cash to government banks in the state.. Further, more than 100 officers of the Income Tax Department were also deployed in different places in the Bolangir district, said sources...
In the latest development on Saturday, the Income Tax teams seized three more bags from Dheeraj Sahu's premises in Ranchi, while nearly 19 bags of money were seized from the house of one Bunty Sahu, deputed as in charge of the maintenance of liquor factories in the areas of Odisha where raids were conducted.. Sources said the amount recovered from Bunty Sahu's house was expected to cross Rs 20 crore...
Notable past seizures from the past include the 2019 GST Intelligence raid on a Kanpur businessman and the Income Tax department uncovering Rs 163 crore during searches on a Tamil Nadu road construction firm in July 2018...
You might be interested in
Tax raids linked to Congress MP continues, 19 more bags worth Rs 20 crore seized
09, Dec, 23Tax raids on Dheeraj Sahu's premises in Odisha and Jharkhand have yielded over Rs 200 crore in unaccounted cash so far. Additionally, nearly 19 bags of money from the house of Bunty Sahu.
Rs 351 crore seized from Congress MP in tax raid: What happens to the cash now?
12, Dec, 23Over Rs 351 crore has so far been recovered in the Income Tax department's raids on premises in Jharkhand and Odisha, allegedly linked to Congress MP Dheeraj Sahu.
I-T raid on Dhiraj Sahu: Here's what will happen to Rs 351 cr seized from Congress MP
12, Dec, 23After five days of counting against Odisha-based Boudh Distillery Private Limited, the seized amount was calculated at Rs 351 crore. This is the 'highest-ever' haul in a single action by any probe agency in the country.
More tax raids at Congress MP Dheeraj Sahu's premises in Odisha, 19 more bags full of money seized
09, Dec, 23Income Tax sleuths first raided BDPL on December 6 on allegations of tax evasion. They later searched the premises of Baldeo Sahu and Group of Companies, from where they claim to have recovered 156 bags of cash.
WATCH: In 'highest-ever' haul, Rs 351 crore cash seized from Odisha business group linked to Congress MP
11, Dec, 23The marathon raids against Boudh Distillery Private Limited were launched on 6 December by the taxman on charges of tax evasion and 'off-the-book' transactions
Rs 329 crore found in dilapidated buildings: Tax officials on Congress MP raids
21, Dec, 23Rs 329 crore has been seized by the Income Tax Department from dilapidated buildings in small towns in Odisha during their raids on various premises linked to Congress MP Dhiraj Sahu.
Liquor firms, 'link to Congress MP' — I-T dept recovers Rs 200 crore in Jharkhand, Odisha raids
08, Dec, 23While IT dept is yet to issue any official statement, raids were conducted in connection with probe into alleged case of tax evasion, it is learnt.
Record-breaking cash seizure: Income Tax raids on Odisha distillery group unearth Rs 290 crore
09, Dec, 23The tax department has mobilized approximately 40 large and small machines for counting currency notes, enlisting additional department and bank personnel to expedite the counting process initiated on December 6 during the raids on Boudh Distillery Pvt Ltd and others.
What happens to cash seized in income tax raids? A look as Congress MP-linked ‘Rs 350cr’ op goes on
13, Dec, 23An income tax department operation under way for a week and counting has been in the news for seizures described as being34weds among the highest ever.
No tax relief, Delhi HC dismisses Cong's plea against recovery of ₹105 crore
13, Mar, 24The Delhi high court refused to interfere with the income tax tribunal order which dismissed Congress's appeal seeking a stay on income tax department notice. | Latest News India