Added on December 18, 2023
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I-T dept seized Rs 5,095 cr assets in four years till FY23, Parl told

NEW DELHI, Dec 18 (PTI): The Income Tax department has seized assets worth Rs 5,095.45 crore through search and seizures actions on 2,980 groups in four years till 2022-23, Parliament was informed on Monday.
As per details of the search and seizure actions, including those mounted on business establishments, shared in the Lok Sabha by Minister of State for Finance Pankaj Chaudhary in 2019-20, a total of 984 groups were searched and the value of assets seized stood at Rs 1,289 crore.
A total of 365 prosecutions were launched during the fiscal.