Deduct 52 crore of tax-penalty and pay the rest; Piyush Jain demanded from the court to return the seized cash

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IT raid kannoj

Kanpur: Uttar Pradesh’s perfume trader Piyush Jain has demanded his money be confiscated during the raid. Kanpur’s perfume trader Piyush Jain, who was arrested on charges of tax evasion of crores of rupees, has approached the court demanding the confiscated treasury and he demanded to return the remaining money after deducting Rs 52 crore of tax and fine from the court. is of. Piyush Jain has asked the Directorate General of GST Intelligence (DGGI) to return the huge amount of cash seized from its premises after deducting tax and fine. Jain has been arrested on charges of tax evasion and has been sent to judicial custody for 14 days.

DGGI’s Special Public Prosecutor ie Advocate Amrish Tandon informed the court on Wednesday that Piyush Jain has confessed that he has evaded tax and owed him Rs 52 crore in tax, including tax evasion and penalty, according to an India Today report. is formed. At the same time, Piyush Jain’s lawyer asked the court to instruct the DGGI to deduct Rs 52 crore due on Piyush Jain as a fine and return the remaining amount.

However, in response to this, DGGI’s lawyer Amrish Tandon said that the money recovered from Piyush Jain’s houses is tax evasion, so it will not be returned. Special Public Prosecutor Tandon further said that if Piyush Jain wants to pay an additional Rs 52 crore fine, DGGI will accept it.

IT raid kannoj

Tandon told the court that Rs 177 crore recovered from Piyush Jain’s residence in Kanpur has been deposited in the State Bank of India (SBI) and will remain with the Government of India. In one of the biggest seizures in history, DGGI seized over Rs 196 crore in cash, 23 kg of gold, and sandalwood oil worth Rs 6 crore during raids at several premises belonging to Piyush Jain in Kanpur and Kannauj.

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