Quick Summary
The Income Tax Department has started the investigation against Kanpur-based perfume businessman Piyush Jain. The Directorate General of GST Intelligence (DGGI) had recovered over Rs 194.45 crore cash, 23 kg gold and 600 kg sandalwood from the factory premises of Piyush Jain in December 2021. A joint team of DGGI and local Central GST had taken Piyush Jain to his factory and residence in Kannauj which resulted in a cash recovery of cash and gold. The investigation has been taken up by Income
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Piyush Jain is a perfume businessman based in Kanpur.
The Income Tax Department, Kanpur division, is currently investigating Piyush Jain.
Over Rs 194.45 crore in cash, 23 kg of gold, and 600 kg of sandalwood were recovered.
The initial seizure was made in December 2021 by the Directorate General of GST Intelligence (DGGI).
The DGGI raised a tax liability of Rs 52 crore on Piyush Jain.
The remaining cash will be seized or requisitioned by the Income Tax Department under section 132B of the Income Tax Act.
CAclubindia
