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Income Tax department recovers Rs 66 lakh cash in new notes in Hyderabad

The Income Tax Department Seized Cash Amounting To Rs 66 Lakh In New Currency Notes Of Rs 2000.

PTI | Updated on: 18 Dec 2016, 03:05:04 PM
New currency notes (Image Source: PTI)


Cash worth Rs 66 lakh, in new currency of Rs 2000 notes has been seized by the Income Tax department as part of its anti-black money crackdown operations in Hyderabad.

The first incident, that occurred on the night of December 16, was reported at the Telugu Academy in Himayatnagar when an I-T team intercepted few people who ran into a nearby apartment on seeing the team.

“Search of the apartment led to recovery of Rs 36 lakh cash, all in Rs 2000 denomination. Sources of the cash are being probed into,” I-T sources said.

Also Read: UP ATS and Income Tax department seize Rs 18 lakh in new notes in Noida, 3 arrested

In the second incident in the same city on December 17, department investigators along with police intercepted a speeding Honda Activa in the Tank Bund area.

Also Read: Demonetisation: I-T seizes Rs 400 crore from Surat based tea seller turned financier

“Cash of Rs 30 lakh in Rs 2000 denomination was found with two persons. The case is being probed,” they said.The sources added that these two interceptions were made in the city as part of taxman’s anti-black money probe post demonetisation. 


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First Published : 18 Dec 2016, 02:55:00 PM