<h1>Chennai Tax Raid: Rs. 106 Crore Cash and 127 kg Gold Seized in Major Post-Demonetization Crackdown.</h1> The Income Tax department in Chennai seized Rs. 106 crore in cash, including Rs. 10 crore in new currency, and 127 kg of gold bars during searches targeting tax evasion post-demonetization. This operation, the largest seizure of new notes since the demonetization of Rs. 500 and Rs. 1,000 notes, involved a contractor associated with the state government, who claimed ownership of the assets. The searches, based on intelligence inputs, targeted a syndicate involved in currency conversion. Documents related to financial transactions and gold sales were also confiscated. The case will be shared with the Enforcement Directorate and CBI for further investigation into money laundering and corruption.