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Income Tax dept raids 'terror funding avenue'; searches in Kashmir, Delhi

The operation was conducted in four places in the Kashmir Valley and three places in the national capital

Abhishek Waghmare  |  New Delhi 

black money

The income (I-T) department conducted a search on the premises of an individual against whom “credible evidence of large scale undisclosed financial transactions” was found, on Wednesday. The operation was conducted in four places in the Valley and three places in the capital.

The person is the head of a prominent organisation allegedly indulging in anti-activities, the Central Board of Direct Taxes said in a press statement. The names of the individual and the organisation were not mentioned in the release.

“During the search, huge unaccounted expenditure — incurred in cash on the reconstruction and re-modeling of the residential premises — was found , which was being used by the evader’s family,” the release said. The department also said despite the huge size of the transactions, neither the person nor any of his family members have filed any I-T returns to date.

First Published: Thu, February 28 2019. 02:52 IST
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