Patna: RPF detain four persons with Rs 98.50 lakh

Mishra said the four persons along with the recovered amount had been handed over to the Income Tax (IT) Department.

By: PTI | Patna | Published:November 13, 2016 8:47 pm
demonetisation, Rs 500 note, Rs 1000 note, Rs 2000 note, demonetisation process, ATMs, railway police force, patna, narendra modi, indian express, india news IT Department official sources said the Department would now investigate whether the said amount of Rs 98.50 lakh are accounted or unaccounted money.

The Railway Protection Force on Sunday detained four persons and seized Rs 98.50 lakh, in Rs 1,000 and Rs 500 denomination currency notes, from their possession in a train at Danapur railway station of Patna district. Acting on a tip-off, RPF Inspector R K Kachhvaha with other officers raided the AC bogey (AC-3) of Danapur-Udhna Express at Danapur railway station and recovered Rs 98,50,000 from the possession of four persons, including two women, RPF Senior Commandant C M Mishra told reporters.

Mishra said the four persons along with the recovered amount had been handed over to the Income Tax (IT) Department. IT Department official sources said the Department would now investigate whether the said amount of Rs 98.50 lakh are accounted or unaccounted money, or whether the money is in accordance with the books.

If the amount is in accordance with the books, then the money would be returned and if it is found at variance with books, then assessment would be done to fix tax liability, sources said.