look news india
Kanpur, 04 March (HS). Banshidhar Tobacco Group company owner K.K. The ongoing Income Tax (IT) raids at all the locations of Mishra ended on the fifth day on Monday at his house in Arya Nagar. In the investigation, the officials have found many financial irregularities not only from paper documents but also from electronic devices.
If sources are to be believed, many big Gutkha traders associated with business may also come on the radar. Action can be taken against them also soon. At present, the Income Tax Department is busy searching for the raw letters of KK Mishra and his firm.
So far, IT has seized tax evasion worth Rs 150 crore, watches worth Rs 12 crore, jewelery worth Rs 7 crore, cars worth Rs 60 crore and cash worth Rs 7 crore from the businessman. At the same time, property documents worth more than Rs 200 crore have also been seized. According to sources, documents of two properties have been found in Kanpur. Whereas documents of more than 20 properties in Gujarat and Mumbai have been found from the Delhi residence. Many properties have also been found in the name of son Shivam Mishra. Whose value is estimated at more than Rs 200 crore. A departmental inquiry has also been started into where the money to buy these properties came from.
Large number of files seized from Kanpur
According to sources, a large number of business related files have been seized from the firm and residence located in Nayaganj in Kanpur. Raw slips of transactions worth Rs 50 crore have also been recovered. Such pamphlets have also been received from Delhi and Ahmedabad. On Monday, Income Tax Officer has also ended the raid on the old bungalow of businessman KK Mishra alias Munna Mishra located in Arya Nagar. According to Income Tax sources, the authorities have also found evidence of half a dozen such companies, which have been used for tax evasion and embezzlement of black money. Tax evasion was also done on a large scale by showing a turnover of around Rs 30 crore. Tax evasion of about Rs 150 crore has come to light. Officials have also received its raw pamphlets.
According to the information, the tobacco businessman has been honored many times from big platforms. According to sources, the Income Tax Department had also honored him as the best taxpayer. After the raid, the discussion is that he kept getting honor after honor and it also kept giving shock to the department. Five diamond watches studded with diamonds have been recovered in the raid. The price of these gleaming watches is more than Rs 12.5 crores. Expensive cars including Mercedes, Rolls Royce, Lamborghini have been found from the Delhi residence of the tobacco businessman. Their value is estimated to be around Rs 60 crore.