Success Story

Case 6: Patna Based Traders

Author: ITD Date:12-06-2017 11:34 AM

Cash was recovered from two individuals by the police. Investigations were initiated by the department post the police action. In one case, the seizure was of Rs. 31.5 lakhs from the proprietor of a business entity, as he failed to explain the source of the cash in his possession. In the second case, the individual was found to be a wholesaler of sarees. He admitted that the cash found in his possession was his undisclosed income. He was found to have not maintained any books of accounts of his business. Rs. 1.05 crore was seized from the wholesaler.