Income Tax department has stepped up its monitoring and is closely watching the cash movement during the ensuing assembly elections. The department had conducted search actions on five premises in Chennai last Tuesday. The action resulted in a cash seizure of five crore 32 lakh rupees.<br />'' <br />''The Income Tax Department had also carried out search and seizure operations this Wednesday on a business group engaged in yarn trading. The searches were conducted in eight premises at Tirupur, Dharapuram and Chennai. The searches revealed that the group is engaged in the practice of suppressing profit by inflating purchases and other expenses. The search has resulted in seizure of unaccounted cash of 11 crore 50 lakh rupees and total unaccounted income detected so far is 80 crore rupees.<br />'' <br />''<span style="color: #222222;">The Income Tax Department said, seizure of large unaccounted cash will reduce the possibility of its utilisation for electoral purposes and will aid the objective of free and fair polls in Tamil Nadu.</span><br />