Income Tax Department seizes ₹9 crore in cash from interstate vehicle

The Income Tax Department has seized approximately ₹9 crore in cash from a vehicle traveling from Bengaluru to Tamil Nadu, officials said on Wednesday. The interception of the vehicle during transit has prompted an investigation into the origin and intended destination of the currency.

The department's action underscores heightened scrutiny on large cash movements across state boundaries. Such seizures are typically made when authorities suspect potential violations of tax regulations or money laundering provisions.

The seized funds have been placed under official custody while preliminary investigations are underway. The department is examining transaction records and conducting inquiries to determine the legitimacy of the cash movement and ascertain whether applicable taxes and regulations have been violated.

The incident highlights ongoing efforts by tax authorities to monitor and regulate large-value cash transactions across the country, particularly those involving interstate transfers where source verification becomes critical for regulatory compliance.