Published On: Apr 21, 2018

Rs 2,000 and 500 notes constitute 97 per cent of the Rs 4.13 crore cash that the Income tax department has seized in poll-bound Karnataka till now, authorities said. The revelation comes in the backdrop of a cash crunch being witnessed across various regions in the country as a number of ATMs had gone dry. The Central Board of Direct Taxes (CBDT), that makes policy for the ITD, had recently asked its probe wings in the country to check these instances. The results of this exercise in Karnataka are now known.  

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