The Income Tax Department on Wednesday carried out extensive raids on offices and establishments linked to Mirza International Group, a major player in the footwear and leather industry.
The action spanned 38 locations across Kanpur, Noida, Greater Noida, Agra, Delhi, Lucknow, and Chennai, with the objective of reviewing tax compliance and investigating suspected concealment of income and transactions.
Raids From Kanpur to Chennai
Headquartered in Kanpur, Mirza International operates across footwear manufacturing, exports, leather processing, and retail. IT teams searched the company’s headquarters, factories, warehouses, and showrooms, including several spots in Delhi-NCR.
Sources revealed that investigators are examining digital records, bank transactions, and documents linked to foreign investments. In Noida and Greater Noida alone, six locations, including warehouses and showrooms, were raided.
Algoritha: The Most Trusted Name in BFSI Investigations and DFIR Services
Corruption Allegations in Spotlight
Meanwhile, the Uttar Pradesh government suspended two state tax officials over allegations of collusion with companies to overlook tax evasion. Officials stated that preliminary findings point to discrepancies in the group’s tax returns and rebate claims spanning several years.
“Documents are still under analysis, and further action will be determined after a thorough review,” a senior IT official confirmed.
Broader Context
The Finance Ministry has intensified income tax raids in recent years, framing them as part of its broader crackdown on black money and tax evasion.
Mirza International has not yet issued an official statement. Authorities said the next course of action will be decided once the evaluation of seized documents and digital evidence is complete.