NEW DELHI: Cash and jewellery worth Rs 130 crore have been seized and Rs 2,000 crore of undisclosed wealth has been admitted by taxpayers post demonetisation, the I-T Department said today, adding that over 30 cases have been referred to ED and CBI for further investigations.
The department has carried out “swift investigations” in more than 400 cases since November 8, a CBDT statement said, adding that concerted action is being taken by the department, ED and CBI in detecting malpractices.
“Detecting serious irregularities beyond the Income-Tax Act, the CBDT decided to refer such cases to the Enforcement Directorate and the CBI, enabling them to examine the criminal conduct for immediate necessary action. More than 30 such references have already been made to the ED, and are being sent to the CBI,” it said.
“More than Rs 130 crore in cash and jewellery has been seized and approximately Rs 2,000 crore of undisclosed income has been admitted by the taxpayers,” it added. (AGENCIES)
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