The CBDT raided two people and said they were “handling the cash of others on commission basis.”
The Central Board of Direct Taxes (CBDT) said on Thursday that the Income Tax Department has seized more than 1.21 crore cash after raiding two people based in Kolkata.
Two persons based in the capital of West Bengal are “engaged in dealing with the cash of others on commission basis”, it said.
The search was conducted on the basis of intelligence gathered by the department. CBDT said in a statement, a total amount of unaccounted cash amounting to ₹ 121.50 lakh has been seized.
Voting will be held for the 294-member West Bengal Legislative Assembly in eight phases starting from March 27.
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