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Income Tax Dept seizes over Rs 50 crore after raids on contractors, others

Income Tax authorities in Karnataka have uncovered a sum exceeding Rs 50 crore in cash during extensive raids on multiple individuals, including a contractor, his son, a gymnasium instructor, and an architect

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Income Tax authorities in Karnataka have uncovered a sum exceeding Rs 50 crore in cash during extensive raids on multiple individuals, including a contractor, his son, a gymnasium instructor, and an architect, told a high-ranking official within the department to PTI.

The series of raids commenced on Thursday, encompassing 25 locations affiliated with two significant infrastructure companies. By Saturday evening, the operation had expanded to 45 locations, the official informed PTI, speaking on the condition of anonymity.

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