Income Tax Raid On Businessman’s House In India, Rs 150 Crore Recovered

In India, at least Rs 150 crore was recovered in an income tax raid on a businessman’s house.

According to Indian media, Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri said that more than Rs 150 crore cash was recovered from the premises of Piyush Jain, a Kanpur trader associated with the perfume industry. Is.

He said it was the largest recovery in the history of the CBIC but no arrests had been made so far.

Income tax officials said the money was linked to the delivery of goods through fake receipts and without an electronic bill.

Photographs taken during the raid show piles of cash in two large cupboards. All bundles were wrapped in paper and covered with yellow tape. There are more than 30 such bundles in each picture.

In another photo, officers from the CBIC, the IT department and the Goods and Services Tax (GST) intelligence unit are seen sitting in a room with more cash piles and note counting machines around them. Are

A series of raids at a tobacco factory owned by Trimurti Fragrances at various locations in Uttar Pradesh, Gujarat and Mumbai began on Thursday and continued till Friday.