The Income Tax department has seized Rs 66 lakh cash, all in new Rs 2000 notes, as part of the anti-black money crackdown operations in Hyderabad..
The first incident, that occurred on the night of December 16, was reported at the Telugu Academy in Himayatnagar when an I-T team intercepted few people who ran into a nearby apartment on seeing the team.
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“Search of the apartment led to recovery of Rs 36 lakh cash, all in Rs 2000 denomination. Sources of the cash are being probed into,” I-T sources said.
In the second incident in the same city on December 17, department investigators along with police intercepted a speedingHonda Activa in the Tank Bund area.
“Cash of Rs 30 lakh in Rs 2000 denomination was found with two persons. The case is being probed,” they said.
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The sources added that these two interceptions were made in the city as part of taxman’s anti-black money probe post demonetisation.