Quick Summary
The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various locations in Bhopal. The key person of one of the groups covered used to run a bangles shop. Another person covered is a property builder/developer and is also running a cricket academy. During the cours
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FAQ :
The Income Tax Department conducted the search and seizure operation on 20.08.2020.
Documents pertaining to about 100 properties with a market value of approximately Rs 105 crore were found.
The properties included plots, flats, and agricultural lands.
Cash and jewellery worth Rs 1.8 crore were seized during the search.
Most of the properties were found in the names of persons of no means, indicating they are likely benami properties, and evidence suggests undisclosed cash was invested in them over the last 6 years.
No, investigations are still in progress.
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