<p>The number of groups searched by the Income Tax Department and the resulting seizure of assets has shown an increasing trend over the last three financial years, according to a government data placed in the Parliament on Tuesday.<br /><br /><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/74-cr-itrs-filed-in-fy23-over-516-cr-declared-zero-tax-liability-says-fm-nirmala-sitharaman-1240245.html">7.4 cr ITRs filed in FY23, over 5.16 cr declared zero tax liability, says FM Nirmala Sitharaman</a></strong></p>.<p>Minister of State for Finance Pankaj Chaudhary said, in a written reply, to the Rajya Sabha that a total of 741 groups were raided by the tax department and assets worth Rs 1,765.56 crore seized during the 2022-23 fiscal.</p>.<p>Similarly, 686 groups were searched by the I-T department during the 2021-22 fiscal and properties worth Rs 1,159.56 crore were seized preceded by 569 groups raided in 2020-21 and assets worth Rs 880.83 crore were seized.</p>
<p>The number of groups searched by the Income Tax Department and the resulting seizure of assets has shown an increasing trend over the last three financial years, according to a government data placed in the Parliament on Tuesday.<br /><br /><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/74-cr-itrs-filed-in-fy23-over-516-cr-declared-zero-tax-liability-says-fm-nirmala-sitharaman-1240245.html">7.4 cr ITRs filed in FY23, over 5.16 cr declared zero tax liability, says FM Nirmala Sitharaman</a></strong></p>.<p>Minister of State for Finance Pankaj Chaudhary said, in a written reply, to the Rajya Sabha that a total of 741 groups were raided by the tax department and assets worth Rs 1,765.56 crore seized during the 2022-23 fiscal.</p>.<p>Similarly, 686 groups were searched by the I-T department during the 2021-22 fiscal and properties worth Rs 1,159.56 crore were seized preceded by 569 groups raided in 2020-21 and assets worth Rs 880.83 crore were seized.</p>