I-T Dept Seizes Rs 9.83cr Cash in Coimbatore
The Income Tax (IT) department on Tuesday seized Rs 9.83 crore in cash from assessee G Ramesh of Universal Trading Solutions in Coimbatore, sources said.
Coimbatore (Tamil Nadu) [India], April 2 (ANI): The Income Tax (IT) department on Tuesday seized Rs 9.83 crore in cash from assessee G Ramesh of Universal Trading Solutions in Coimbatore, sources said. According to sources, Ramesh was collecting deposits from public promising high returns and also trading in the commodities market.According to I-T department sources, no income tax returns have been filed so far.Further details are awaited.(ANI)
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