IT department seizes cash & jewellery worth Rs 70 crore during raids in Maharashtra’s Jalna

The raids were launched last week on the business entity engaged in steel and real estate after actionable inputs of alleged tax evasion were received against it, officials said.

Indian rupee | Representational image | Pixabay

New Delhi/Mumbai: The Income tax department has seized Rs 56 crore in cash and jewellery worth Rs 14 crore after it raided a Maharashtra-based business group engaged in steel and real estate, officials said Thursday.

The raids were launched last week on the business entity based in Jalna district of the state after actionable inputs of alleged tax evasion were received against it, they said.

A senior official said Rs 56 crore cash and jewellery of Rs 14 crore has been seized till now.

Documents and digital data have also been seized. —PTI