Wednesday, June 23, 2021
Home States Income tax raid in Lucknow, bullion traders run off showroom

Income tax raid in Lucknow, bullion traders run off showroom

The Income Tax team on Monday raided four locations including two showrooms of Sarafa businessman Kailash Chand Jain located in the Chowk. During this time heavy police force was stationed outside the establishment and stopped the movement of people. This sudden raid stirred the bullion market and a large crowd gathered outside the shop of the bullion merchant. As soon as the income tax department raided, many bullion traders closed the showroom. At the same time, the officials asked for more information about the stocks and records, the businessman told that all the accounts are in the laptop, which is present at home. After this, the Income Tax officials along with the police and team reached the bullion businessman’s house.

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