I-T dept finds ₹100 cr unexplained cash post demonetisation
The Income Tax department on Friday detected unexplained cash and sales worth ₹100 crore in its probe on alleged profiteering and tax evasion while converting ₹500, ₹1,000 demonetised currency notes. These cases are under investigation and traders have been asked to explain the transactions. Meanwhile, Finance Ministry has asked to check cash movement at airports, metro, railway, and bus stations.