India’s Income Tax department has seized over Rs 46 lakh in cash after it recently raided the premises of a Kashmiri business group in Indian illegally occupied Jammu and Kashmir and New Delhi.

The Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax department, in a statement said that the raids were carried out on June 15 at 15 premises in Srinagar and Islamabad in IIOJK and in the Indian capital.

The business group is manufacturer and seller of pashmina, jamawar and other varieties of Kashmiri shawls.