Income tax department continue raid in various of Kashmir
By: Wani Fazil VOV
For the second consecutive day on Tuesday income tax officials conducted raids in many places in Kashmir valley including Sopore, Hyderpora, Humhama etc. Media reports have suggested that they have taken records and other relevant documents from many places including from the business house of ARCO.
Reports further said that during the searches at Hyderpora cash to the tune of a few crores was also recovered during these raids.
An official told the news agency—Kashmir News Observer (KNO) that the raids were being conducted in Srinagar, Sopore, Sonamarg, Khrew, Budgam, Humhama, Lal mandi and Hyderpora.
He said that raids related to some business of ARCO group have been conducted since yesterday across these locations.
He added that cash, evidence of property investment, and other documents have also been seized during the ongoing raids
The official added that nearly two crore cash was also recovered during raids at Shah Anwar Colony in Hyderpora.
With KNO inputs