In the run-up to the assembly elections in Uttar Pradesh, the Income Tax Department's crackdown is unrelenting. A raid was conducted by the Income Tax team at the residence of Piyush Jain, a perfume trader from Kannauj, located in Kanpur's Anandpuri. It is reported that the team brought along a cash counting machine during the raid at his home, and concurrently, a police contingent was positioned outside.
Source: aajtak
The raid comes as a follow-up to the previous day's crackdown on Shikhar Pan Masala. Piyush Jain's perfume business operates out of Kannauj, and initial reports from the raid at his home suggest that the team requested a cash counting machine on the premises.
There are speculations that the raid by the Income Tax Department could uncover a considerable amount of undisclosed cash. The police were deployed outside the home to ensure robust security throughout the operation.
A Samajwadi Party leader admitted to having 68 crores in undeclared income, revealed during the Income Tax raid.
Raid continues for the fourth consecutive day on properties linked to Akhilesh Yadav, documents related to undisclosed properties discovered.
