 "black money")
Striking twice within a month, the income tax department has recovered unaccounted money as well as jewellery, and narrowed in on concealed financial transactions in the Kashmir Valley on Friday.
This assumes significance in the run up to the Lok Sabha polls, especially after the Pulwama terror attack.
While one operation was against a “prominent” trader who “apparently used” proxies to conduct large cross-LOC trade, the other was against a property dealer, who allegedly facilitated cash for undesirable activities.
The department seized undisclosed cash worth Rs 1.44 crore and unaccounted jewellery of Rs 2.48 crore from five locations in the Valley. The evidence
