This Diwali does not seems to be happy for everyone, Income Tax raid on Laddoo Walla fetches 1.05 crores in Gaya.  Income Tax sleuths today raided shops and residence of a ‘laddoo’ (ball-shaped sweet) seller in Gaya and seized cash and property worth about Rs 1.05 crore as reported in Timesofindia.

Acting on a tip-off, a team of Income Tax officials of Bihar raided three shops in the name of Pramod Mishra Mishthan Bhandar and the owner’s residence and seized cash and property worth Rs 1.05 crore, a senior Income Tax official said.

He said preliminary search of the sale details revealed he sold ‘laddoos’ worth around Rs 5 crore last year but fudged the account to undervalue the sale, he said.   A meticulous search of all records is being conducted, the official said, adding that the recovery of such a huge cash and property from a sweet seller in a small town like Gaya is astounding.

Thanks for reading for this article. Please feel free to write to us, We want to hear it all!Suggestions? Complaints? Feedback? Requests?  at [info@taxmantra.com] or call us at +91 88208208 11. We would be more than happy to assist you.