ALSO READIncome Tax dept detects undisclosed income of over Rs 5300 cr 'Budget should reduce income tax, corporate tax to boost consumption' Income tax department identifies 67.54 lakh potential non-filers for FY 2014-15 Paul Merchants updates on order of Income Tax Settlement Commission Budget makes tax compliance easy for small tax payers
Police seized demonetised banknotes of Rs 1,000 and Rs 500 denominations with the face value of Rs 46.50 lakh from a car in Shamli district, a senior police official said.
Senior Superintendent of Police Ravinder Singh said that the car was yesterday intercepted by police and Rs 46.5 lakh in the demonetised notes recovered from the vehicle in the city area.
Three persons who were plying in the car were taken into custody for interrogation, the officer said, adding investigation is underway in the matter.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)