Nashik, Maharashtra—The Income Tax Department conducted a significant raid on Surana Jewelers in Nashik, resulting in the seizure of unaccounted property worth Rs 90 crore, including Rs 26 crore in cash. This raid was triggered by suspicious transactions by the shop owner, leading to an extensive investigation.

Commotion Due to the IT Department’s Action

The recent action by the Income Tax Department has created a stir across Maharashtra. In the past few days, the department has been on high alert, taking significant actions in various locations. Recently, a similar operation in Nanded led to the seizure of unaccounted property worth Rs 170 crore. The raid in Nashik is another major step in the department’s crackdown on unaccounted wealth.

Extensive Operation and Findings

The operation in Nashik required several hours and multiple teams to count the cash discovered. The Income Tax Department formed different teams to search the premises thoroughly, including the homes of the family members of the jeweler. The scale of the raid and the amount of wealth uncovered have become a hot topic of discussion in the state.

Investigation and Next Steps

The officials are now focused on tracing the source of the substantial wealth found with the bullion trader. The discovery of such a large amount of unaccounted assets has raised several questions, and the Income Tax Department is expected to continue its investigation to uncover further details about the transactions and financial dealings of Surana Jewelers.

In conclusion, the raid on Surana Jewelers in Nashik is part of a broader effort by the Income Tax Department to crack down on unaccounted wealth in Maharashtra. The significant seizures in both Nashik and Nanded highlight the department’s intensified efforts to ensure financial transparency and accountability.