New Delhi: Income Tax department today seized Rs 25 crore that was recovered by CBI here during searches at the office of Hindalco Industries, which has been booked by the agency for alleged corruption in coal block allocations.
“The cash has been seized under Income Tax laws and further proceedings to check the source of the money are on,” an official said.
A Hindalco spokesperson, however, said the company is checking the details.
I-T will now ask the company to produce documents and validate the source of the recovered cash, sources said.
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