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Kanpur: Rs 150 cr found at UP businessman's home during tax raid

This is the biggest recovery ever in the history of CBIC, says CBIC chairman Vivek Johri

Indian currency retrieved by Income Tax officials from UP businessman Piyush Jain's residence during a raid, in Kanpur district (Photo: PTI)
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Indian currency retrieved by Income Tax officials from UP businessman Piyush Jain's residence during a raid, in Kanpur district (Photo: PTI)

ANI
Vivek Johri, the Chairman of Central Board of Indirect Taxes and Customs (CBIC) on Friday said that the cash recovery of approximately Rs 150 crores from searches in Kanpur at several locations related to Trimurti Fragrance is the "biggest haul ever". "We got the information that Trimurti Fragrances was working without an invoice or tax payment. We searched their three entities and recovered approximately Rs 150 crore cash. This is the biggest recovery ever in the history of CBIC," Johri told ANI.

Briefing about the details of the searches, Johri said, "Ahemdabad unit of DGGI received intelligence that pan masala

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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