Summary:
Income Tax department officials recovered Rs 19 crore in cash, receipts of fixed deposits, and National Savings Certificates (NSCs) worth Rs 60 lakh on Tuesday. The recovery was made during raids at premises of two stock market entry providers Jignesh Shah and Sanjay Shah. UNMATCHED ASSETSThe Income Tax Returns filed by the duo do not match the kind of cash and other assets in their possession. The Income Tax Returns filed by the duo do not match the kind of cash and other assets in their possession. They recovered around Rs 19 crore in cash (in currency notes of Rs 2,000 and Rs 500) from the cupboards in the bedroom of Jignesh's residence at Parshwa Appartment near Shardamandir in Paldi area..