Rs 1.44 cr unaccounted cash raided by IT dept in J&K

The Income Tax (IT) department on Thursday conducted search operations at five locations in the Kashmir Valley and seized undisclosed cash amounting to Rs 1.44 crore and unaccounted jewellery worth Rs 2.48 crore. Few places in Jammu were also raided.

The department also recovered undeclared property transactions of more than Rs 41 crore, primarily in the Kashmir valley. Concealed financial transactions of nearly Rs 17 crore were also found by the IT sleuths.