New Delhi: After confiscating 26 kg of gold and huge amount of sandal oil besides cash worth over Rs 197 crore from the residence of perfume trader Piyush Jain in Kanpur, the Income Tax Department is raiding the residences of two more perfume traders in Kannauj. Is.
According to sources in ABP News, raids are being conducted at the house of Samajwadi Party MLC Pushpraj Jain ‘Pumpi’ and perfume dealer Malik Mian. The IT department started the raids at 7 am on Friday. The tax department has seized some documents related to Pushpraj Jain’s companies in Kolkata, sources told ABP News.
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As part of the investigation of tax evasion, raids are being conducted at several premises belonging to perfume traders and some others in Uttar Pradesh. According to a PTI report, searches are being conducted at Kannauj, Kanpur, National Capital Region, Surat, Mumbai and a few other places and around 20 premises are being covered.
What did the Samajwadi Party say on the raid on Pushpraj Jain’s residence?
The Samajwadi Party (SP) said through a post on its official Twitter handle that raids have been conducted on the premises of its MLC Pushpraj alias Pumpi Jain in Kannauj, Uttar Pradesh.
Party President Akhilesh Yadav will hold a press conference at the SP office in Kannauj at 12:30 pm.
The party’s Twitter post said the raids were carried out by the “BJP government” soon after Yadav’s announcement of the media conference and termed the action as “open misuse of central agencies by the intimidating BJP”.
Yadav had recently launched a perfume called ‘Samajwadi Ittra’ prepared by Jain for the assembly elections to be held in the state early next year.
Sources said that the department is conducting searches at various locations of some entities related to perfume business and related business.
Who is perfume businessman Malik Mian?
Apart from perfume businessman and Samajwadi Party MLA Pushpraj Jain ‘Pumpi’, the Income Tax Department is raiding Kannauj’s biggest perfume businessman Malik Mian. It can also be said that it is because of Miyan that the perfume of Kannauj has got worldwide recognition.
After the death of Malik Mian, his three sons Abdul Rehman, Fauzan and Abdullah are engaged in the perfume business. Malik Mian’s father-in-law Salman aka Guddu also works with him.
The price of some types of perfumes sold from Malik Mian Perfumes is Rs 2 lakh per kg. The firm’s major function is to export perfumes and this attracts a large business in the Gulf.
The Income Tax department took immediate action after receiving details from the Goods and Services Tax (GST) department about possible income tax evasion by perfume business entities and others by allegedly claiming bogus input tax credit, a PTI official told PTI. Told by.
The Directorate General of GST Intelligence (DGGI), an investigative agency under the Central Board of Indirect Taxes and Customs (CBIC), recently conducted massive raids in Kanpur and Kannauj against Shikhar brand pan masala, a transporter and others. Later arrested perfume trader Piyush Jain, seized over Rs 197 crore in cash besides 26 kg of gold and huge amount of sandalwood oil.
The IT department functions under the Central Board of Direct Taxes (CBDT).
The raids by DGGI and the recovery of cash have triggered a war of words between political parties in Uttar Pradesh.
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