Income Tax dept seizes 400 crores from Tea seller House

suratIncome Tax department has become hyperactive after demonetization.

IT department have raided the premises of tea cum bhajia seller Kishore Mangal Bhajiawala and recovered approximately Rs 400 crore in cash, bullion, jewellery and property papers.

Kishore Bhajiawala from tea sellers turned into Financier, he was paying taxes but his actual income was 5 times more than declared.

This is the biggest seizer from IT after it had seized cash worth Rs 5.7 crore in new notes, 32 kg gold biscuits and jewellery and Rs 90 lakh worth of cash in old currency, from the bathroom tiles of Hawala dealer in Karnataka.