New Delhi:

A Rolls Royce, a Porsche, a Lamborghini – all bear ‘4018’ on the licence plates and in entrance of them poses a person with the flamboyance of Hrithik Roshan’s character in successful tune from ‘Kaho Na Pyaar Hai’. He’s Shivam Mishra, the scion of a tobacco firm on the centre of multi-state raids by the revenue tax division.

The Earnings Tax division executed a sequence of raids on Banshidhar Tobacco Firm, unearthing a posh net of economic manipulations that reach throughout varied states and even abroad. The raids, spanning 20 places together with Kanpur, Delhi, Mumbai, and Gujarat, have uncovered alleged discrepancies within the firm’s reported turnover, with sources revealing a staggering distinction between the declared revenue and the precise turnover.

Fifteen to twenty groups carried out raids throughout 5 states, metaphorically shaking down each tobacco leaf linked to Banshidhar Tobacco Firm, to come across a treasure trove of luxurious automobiles price a staggering Rs 50 crore; amongst them, a Rolls-Royce Phantom, priced at a cool Rs 16 crore, discovered at Shivam Mishra’s dwelling in Delhi’s Vasant Vihar.

Different luxurious automobiles recovered from Shivam Mishra’s dwelling have been a McLaren, a Porsche, and a Lamborghini. The IT groups have reportedly confiscated Rs 4.5 crores in money through the raids, together with a number of paperwork.

The epicentre of the scandal is KK Mishra, the patriarch of the tobacco enterprise. Banshidhar Tobacco Non-public Restricted is a giant participant within the tobacco business and is thought for supplying merchandise to main pan masala teams. Stories counsel that the corporate has a declared revenue of Rs 20 to 25 crore when the precise turnover was pegged at Rs 100-150 crore.

The raids have revealed that the corporate has not solely evaded Earnings tax legal guidelines but in addition violated Items and Providers Tax (GST) guidelines.