India’s Largest Income Tax Raid Uncovers ₹352 Crore, Cash Loaded onto Trucks

In what is being termed the largest income tax raid in India’s history, the Income Tax Department seized ₹352 crore during a 10-day operation targeting Odisha-based liquor manufacturer Boudh Distilleries Private Limited. The unprecedented scale of the raid required extraordinary measures, including 36 cash-counting machines and bank employees to manually tally the enormous stacks of cash after machines fell short.

The operation, led by Principal Director of Income Tax Investigation SK Jha and Additional Director Gurpreet Singh, extended across multiple locations and even involved specialized equipment like underground scanning wheels to uncover hidden valuables. Following the raid, the seized cash was loaded onto a truck under heavy security and deposited with the Income Tax Department.

This historic raid highlights the government’s commitment to tackling tax evasion and black money hoarding. The central government recognized and honored the officials involved in this massive operation in August this year.

Separately, in Ahmedabad, a pre-Diwali raid on October 23 uncovered ₹150 crore in unreported transactions linked to real estate developers Ratnam and Nyalkaran groups. Authorities also seized ₹3 crore in cash and jewelry, froze over 10 bank accounts, and found evidence of shell companies and GST evasion.

These actions underscore the Income Tax Department’s vigilance in cracking down on financial malpractices under the provisions of the Income Tax Act, 1961. As investigations continue, they serve as a stern reminder of the consequences of tax evasion in the country.

News Source : “Information for this article was gathered from a variety of reliable news outlets.”