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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

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India had sought information earlier this year from the BVI and four other jurisdictions to establish tax evasion

Abhishek Waghmare New Delhi
The income tax (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 Kashmir Valley and three places in the national capital.

The person is the head of a prominent organisation allegedly indulging in anti-national 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

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First Published: Feb 28 2019 | 2:52 AM IST

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