The officials of the Income Tax(IT) Department who conducted raids at the residence of a businessman were stunned to see the abundance of cash bundles and cash-counting machines in the house. It has been widely reported that the amount found at the businessman's residence accounts for more than one hundred and fifty crores.
As per the news covered by a few national media outlets, the IT Department officials raided the house of one Piyush Jain, a Kanpur-based businessman. The officials have launched raids at multiple locations like Kanpur, national capital Delhi and others at the same time.
The visuals and pictures of money bundles that are said to be from the residence of the businessmen went viral on social media and the netizens were also stunned to look at the bunch of bundles in a single place.
The viral pictures show the IT department officials seizing the money bundles that are kept inside big wardrobes. To give a clear picture of how many bundles were stored inside the wardrobes, the IT sleuths had placed the bundles in the room and the same pictures were out of social media platforms.
The much-talked-about raids are a joint operation of the Income Tax Department and Goods and Services Tax(GST)officials. After Receiving a piece of information on the alleged wrongdoings and the storage of money in the house, the officials made a surprise visit and searched the residence and the premises.
Quoting the officials as saying, the media reports said that the money that was seized in the raids was raised with the help of fake invoices.
Quoting the officials as saying, the media reports said that the money that was seized in the raids was raised with the help of fake invoices. The invoices were created for various amounts ranging from Rs 200 to Rs 50,000 and the amount was not brought to the notice of the government as the GST was not paid for the same.
The officials have also found three money counting machines and four heavy trucks in the premises of the businessmanâs house, which have been seized by them.
As per the news covered by a few national media outlets, the IT Department officials raided the house of one Piyush Jain, a Kanpur-based businessman. The officials have launched raids at multiple locations like Kanpur, national capital Delhi and others at the same time.
The visuals and pictures of money bundles that are said to be from the residence of the businessmen went viral on social media and the netizens were also stunned to look at the bunch of bundles in a single place.
The viral pictures show the IT department officials seizing the money bundles that are kept inside big wardrobes. To give a clear picture of how many bundles were stored inside the wardrobes, the IT sleuths had placed the bundles in the room and the same pictures were out of social media platforms.
The much-talked-about raids are a joint operation of the Income Tax Department and Goods and Services Tax(GST)officials. After Receiving a piece of information on the alleged wrongdoings and the storage of money in the house, the officials made a surprise visit and searched the residence and the premises.
Quoting the officials as saying, the media reports said that the money that was seized in the raids was raised with the help of fake invoices.
Quoting the officials as saying, the media reports said that the money that was seized in the raids was raised with the help of fake invoices. The invoices were created for various amounts ranging from Rs 200 to Rs 50,000 and the amount was not brought to the notice of the government as the GST was not paid for the same.
The officials have also found three money counting machines and four heavy trucks in the premises of the businessmanâs house, which have been seized by them.