J&K: I-T dept raids Srinagar hospital, seizes Rs 83 lakh cash and jewellery worth Rs 37 lakh

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Times Now | 21 Feb 2021, 06:09 PM IST

The Income Tax Department has detected multiple instances of alleged tax evasion after it raided a business group that runs the “biggest private” multi-specialty hospital in Srinagar, the CBDT said on Sunday. The searches were launched on Friday, and seven premises including four residential were covered. While an official statement issued by the Central Board of Direct Taxes (CBDT) did not name the entity raided, official sources in the department identified it as the group that runs the Noora hospital located in Zainakote, Srinagar. The statement said Rs 82.75 lakh cash and jewellery and bullion worth Rs 35.7 lakh were seized “as the concerned persons from whose custody these were found were not able to explain the same”.

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