The I-T department on Thursday said it had carried out at least 43 search and survey operations across Gujarat post-demonetisation and unearthed undisclosed income as well as assets worth Rs 73.09 crore, including new currency of Rs 3.53 crore.
According to Director General of Investigations, I-T, Gujarat, PC Mody, as many as 30 searches and 13 surveys were carried out in different parts of the State after the Centre scrapped high value currency notes on November 8.
“During our searches we have seized cash as well as assets worth Rs 22.93 crore, including Rs 3.53 crore in new currency. During our survey operations, people have admitted of an unaccounted income of Rs 50.16 crore,” said Mody at Press conference here.
The senior I-T official also informed the reporters that the department on Friday visited Memnagar branch of a private bank to verify information related to transactions being done using dummy accounts. “We only did verification upon receiving an input that transactions were made using some suspected dummy bank accounts. We have collected some documents from the bank. Further investigation is still on," said Mody.