Quick Summary
In a significant crackdown on tax evasion, the Income Tax Department conducted a series of raids in Agra on Saturday, May 18. Nearly ₹60 crore in cash was recovered from premises linked to a prominent shoe trader, Ramnath Dang, owner of Harmilap Traders. The raids, targeting six locations associated with three major shoe traders in the city, were prompted by reports of large-scale tax evasion. How Was the Cash Recovered? According to officials, the cash was ingeniously hidden under bed
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FAQ :
Nearly £60 crore in cash was recovered.
The main individual targeted was Ramnath Dang, owner of Harmilap Traders, a prominent shoe trader in Agra.
The cash was found hidden under beds, inside mattresses, and within cupboards at the trader's residence.
Six locations associated with three major shoe traders in Agra were raided.
The raids were prompted by reliable inputs and reports of large-scale tax evasion by these businessmen.
Authorities also seized numerous documents that are expected to shed light on the financial discrepancies.
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