Tax raids unearth undisclosed cash and properties worth crores in J&K

The tax department said preliminary results of the search operation are extremely encouraging. In aggregate, undisclosed cash of Rs 1.44 cr and unaccounted jewellery of Rs 2.48 cr have been seized

In a major crackdown on terror financing, the Income Tax Department Friday said it has unearthed undisclosed cash, jewellery and property papers worth several crores in Jammu and Kashmir.

Search operations were conducted at five locations in Kashmir valley and a few places in Jammu on Thursday, the department said in a statement.

"These actions are part of the Department's continued drive against use of black money by disruptive elements in the state. The operations also send a message of deterrence and obviation to those intending to vitiate the democratic process of free and fair elections," it said.

The tax department further said