<h1>Income Tax Department seizes Rs. 130 crore; Rs. 2,000 crore undisclosed income admitted post-demonetization. Major referrals to ED, CBI.</h1> The Income Tax Department conducted investigations in over 400 cases following the demonetization of high denomination currency on November 8, 2016. Over Rs. 130 crore in cash and jewelry were seized, and approximately Rs. 2,000 crore of undisclosed income was admitted by taxpayers. Numerous cases with serious irregularities were referred to the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) for further action. The Bengaluru unit made the most referrals, while other significant cases involved large cash seizures in cities like Mumbai, Ludhiana, Hyderabad, Pune, Bhopal, and Delhi. The coordinated efforts of the IT Department, ED, and CBI aim to address these malpractices.