RPF detain four persons with Rs 98.50 lakh

Image
Press Trust of India Patna
Last Updated : Nov 13 2016 | 8:23 PM IST
The Railway Protection Force today detained four persons and seized Rs 98.50 lakh, in Rs 1,000 and Rs 500 denomination currency notes, from their possession in a train at Danapur railway station of Patna district.
Acting on a tip-off, RPF Inspector R K Kachhvaha with other officers raided the AC bogey (AC-3) of Danapur-Udhna Express at Danapur railway station and recovered Rs 98,50,000 from the possession of four persons, including two women, RPF Senior Commandant C M Mishra told reporters.
Mishra said the four persons along with the recovered amount had been handed over to the Income Tax (IT) Department.
IT Department official sources said the Department would now investigate whether the said amount of Rs 98.50 lakh are accounted or unaccounted money, or whether the money is in accordance with the books.
If the amount is in accordance with the books, then the money would be returned and if it is found at variance with books, then assessment would be done to fix tax liability, sources said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 13 2016 | 8:23 PM IST

Next Story