The Income Tax Department carried out search and seizure operation on 10.03.2021 on two separate persons based in Kolkata, who are engaged in handling of cash of others on commission basis. The search was carried out based on intelligence gathered by the Department.

The search action has resulted in seizure of total unaccounted cash amounting to ₹ 121.50 lakh.

Further investigations are in progress.

Search and seizure uncovers substantial unaccounted cash linked to cash-handling agents; investigations and enforcement proceedings continue. A search and seizure operation targeted two persons handling others' cash on commission following intelligence, resulting in seizure of unaccounted cash and continuation of investigations into source, custodianship and tax compliance implications.