Income Tax Department seizes Rs. 5.5 crore cash from private vaults in Delhi - TNBCLive

On Tuesday, the Income Tax Department has seized Rs. 5.5 crore cash from Old Delhi’s private vaults in Chandni Chowk. IT department surveillance has been high in the zone after cash amount Rs. 35 crore was seized in currency notes of Rs. 2000 last week from a private locker.

The IT Department officials are continuing their search operation on vaults and lockers, which were rented by traders of Chandni Chowk in a private locker where they have stashed their unaccounted cash to avoid the mandatory declarations.

There are reportedly no CCTV cameras placed in the area where locker and vaults services are available and Police force tries to trace, who are using these private lockers.

In a similar raid in January 2018, the IT Department has seized Rs. 85 crore in unaccounted cash and jewellery from Old Delhi’s private vault in South Extension.

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