Of the cash found, Rs 8 crore were in new notes, Rs 65 crore in the banned old notes of Rs 500 and Rs 1,000, sources said. Rs 10 crore in old and new currency is being sorted. The gold, valued at nearly Rs 28 crore, is in bars of 1 kg.
The Income Tax Department has been conducting regular raids since the government scrapped high denomination notes of Rs. 500 and Rs. 1,000.
The Income Tax department has been investigating 400 cases involving undisclosed wealth since November 8.
Till December 6, cash and jewellery worth Rs. 130 crore had been seized and Rs. 2,000 crore of undisclosed wealth admitted by taxpayers, the department said.
Since the ban on November 8, the department said it conducted "swift investigations" in more than 400 cases. More than 30 cases were referred to the Enforcement Directorate and the Central Bureau of Investigation for further investigation.
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