Income Tax department had seized approximately Rs 1100 crore worth of cash and jewellery.

Income Tax department had seized approximately Rs 1100 crore worth of cash and jewellery.

May 31, 2024 - 16:08
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Income Tax department had seized approximately Rs 1100 crore worth of cash and jewellery.

NEWS - The Model Code of Conduct (MCC) came into force on March 16, the day the Election Commission of India announced the dates for the Lok Sabha elections. Since then, the Income Tax Department has been vigilant in monitoring and seizing unaccounted cash and valuables that could potentially influence voters. In a huge success, the Income Tax Department has made a record seizure of Rs 1100 crore in cash and jewellery during the ongoing Lok Sabha elections, sources said. This seizure is said to be 182 per cent more as compared to the Rs 390 crore during the 2019 Lok Sabha elections. As per the sources, by May 30, the department had seized approximately Rs 1100 crore worth of cash and jewellery.
As per sources, Delhi and Karnataka topped the list for the highest seizures, with each state comprising more than Rs 200 crore worth of cash and jewellery respectively. 

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