Stunning IT Raid: Rs. 100 Crore Seized from Agra Shoemakers

Rs. 100 Crore Seized in Shoemaker’s Houses in UP

Agra, Uttar Pradesh,May 21,2024: In a surprising turn of events, Income Tax Department officials conducted extensive raids targeting shoemakers in Agra, resulting in the seizure of a staggering Rs. 100 crore. The raids, which took place over a span of 42 hours, were carried out across 14 different locations, focusing on the residences and premises of three prominent cobblers in the area.

Officials were taken aback by the sheer amount of cash discovered, with wads of notes found hidden in various corners of the cobblers’ houses. The operation, which aimed to uncover undeclared wealth and tax evasion, revealed the extent to which these individuals had amassed significant sums of money without declaring them to the authorities.

During the searches, the IT Department meticulously combed through the properties, uncovering crores of rupees in cash, along with documents and records indicating potential financial discrepancies. The raids are part of a broader crackdown on tax evasion and black money, reflecting the government’s commitment to curbing illegal financial activities.

Local sources indicate that the cobblers targeted in the raids were well-known figures in the community, running extensive and profitable operations. However, the discovery of such vast amounts of undeclared cash has raised questions about the extent of financial malpractice within this sector.

The seized funds are now being examined as part of an ongoing investigation to determine the full scope of the tax evasion and to identify any additional assets that may have been concealed. The Income Tax Department has stated that further actions, including potential legal proceedings, will be taken based on the findings of the investigation.

This unprecedented seizure has sent shockwaves through the local community and the broader business sector, serving as a stark reminder of the government’s vigilance in tracking and prosecuting financial crimes. The IT Department has reiterated its commitment to ensuring compliance with tax laws and to continuing its efforts to uncover and address instances of tax evasion.