I-T officials did not provide any information on the total amount seized, police sources said.
It is suspected that the new currency notes were brought for exchanging them against the scrapped currency of Rs 500 and Rs 1,000, they said.
Income Tax department on a tip-off laid a trap on a hotel and detained two persons.
According to Indira Nagar police station officials here, I-T department sought police protection, but no offence has been registered so far.
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