With 741 groups, I-T raids up 8% in FY23

       A total of 741 groups were searched in FY23, resulting into a seizure of Rs 1,765 crore by the income-tax department, according to the official data. This indicates rising trend in the search operation conducted by tax authorities in the last three

       financial year.

       Minister of State for Finance Pankaj Chaudhary in a written reply, to the Rajya Sabha that a total of 741 groups were raided which is ---8.02 per cent higher than searches conducted during the fiscal year FY22. In FY22, total 686 group were searched and properties worth Rs 1,159.56 crore were seized. This was 20 per cent higher than the searches in FY21, wherein total 569 groups searched and had led to seizure of asset worth Rs 880.83 crore.

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