A team of Directorate General of GST Intelligence (DGGI), Lucknow Unit visited the office and residence of another Kanpur-based businessman late on Tuesday for the verification of tax evasion allegations. A false Input Tax credit of Rs 10 crores was allegedly detected, according to the officials.
The raid was conducted on the premises of Mayur Vanaspati. Owner of the company, Sunil Gupta accepted to pay the taxes, said the officials.
According to the officials, the owner of Mayur Vanaspati, Sunil Gupta was raided by the team of DGGI at his residence and his office. The team took important documents related to Mayur Vanaspati Industries into its custody.
However, no arrest has been made so far. A probe of the owner of the company is underway, officials said.
A spate of DGGI raids in on in Uttar Pradesh. After the raids at the residence of Kanpur-based businessman Piyush Jain, Sunil Gupta is the second businessman to be raided.
Earlier, DGGI on Wednesday concluded the raids at businessman Piyush Jain's residence in Uttar Pradesh's Kannauj.
The DGGI seized Rs 194.45 crores of cash, 23 kg gold and 600 kg sandalwood from businessman Piyush Jain's possession. Jain has been sent to 14 days of judicial custody by a Kanpur court in the matter.
PM Modi To Visit US For Quad Summit, Attend UN Assembly From September 21-24 Translocated Tigress Gives Birth To 2 Cubs At Madhav National Park In Madhya Pradesh "He's Boss Even After Congress Lost Thrice": Kiren Rijiju Jabs Rahul Gandhi 9 Dead, 2,800 Hurt As Pagers Explode Across Lebanon, Hezbollah Blames Israel China, Russia Concerned About India-US Relationship: Top American Diplomat 'Pager Bombs' Target Hezbollah In Lebanon. What We Know So Far - 5 Points UN Says Lebanon Pager Blasts 'Extremely Concerning Escalation' Kamala Harris Calls For End To War In Gaza, No Israeli Reoccupation Kamala Harris Dials Trump After Apparent Assassination Attempt Track Latest News Live on NDTV.com and get news updates from India and around the world.