« Top Headlines » Open DEMAT Account in 24 hrs  How to Change Current Period in Tally Prime Step-by-Step Guide for Users  Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India  How to Manage B2B HSN Codes in Tally Prime: A Complete Guide for Businesses  How to Check Business Revenue in Tally Prime: A Complete Step-by-Step Guide  MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th  Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime  GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation  How Tally Prime Supports the Real Estate & Construction Industry in India  Comparison Between Tally Prime 6.1 and Tally Prime 6.2  How Tally Prime Renewal Helps Save My Data  Where to Buy Tally Prime 7.0 at the Best Rates Possible «  I-T circular puts Rajkot co-op banks on backfoot... IIM-B comes under tax scanner... » Taxman triples Mumbai searches in 05-06, seizes Rs 4,215 crore July, 29th 2006 Income tax searches in commercial capital Mumbai has more than tripled within one year, from 11 to 39. While the city has naturally faced the maximum number of searches over the years, the sharp rise shows the income tax department has become quite vigorous off late. The department seized Rs 4,215.31 crore in these searches, which is much higher than the Rs 604.17 crore seized in 04-05. Ahmedabad is second in the tally, where the income tax department conducted 25 searches in 05-06, but the seizure amount was only Rs 18 crore in 05-06. The number of searches in the city has more or less been at about the same level in the previous two years also at 22, and 18. The figures for Ahmedabad are higher than for Delhi and Kolkata, which witnessed 18 and 16 searches respectively in 05-06. While the searches in Delhi resulted in seizure of Rs 2,907 crores, those in Kolkata resulted in Rs 546.9 crore. In the case of national capital, 10 searches were made in 04-05 resulting in seizure of Rs 1218.2 crore, while Kolkata saw 13 searches yielding a seizure amount of Rs 219.6 crore. The figures were furnished to Lok Sabha by the finance ministry in a written reply on Friday. The finance ministry uses its power of search and survey to basically flush out those cases, where other means to recover unaccounted income fails to yield results. The investigation wing under the ministry conducted 3 searches and seized Rs 140.2 crore in the period under review in Chennai.