In a massive crackdown on tax evasion, the Income Tax Department raided over 20 premises linked to Banshidhar Tobacco Company across four states on Thursday, February 29. The raids revealed a stash of luxury cars worth over Rs, including a Rolls-Royce Phantom, McLaren, Lamborghini, and Ferrari. 50 crore at the Delhi residence of Shivam Mishra, the company's heir. The department suspects the company has been under-reporting its turnover and evading taxes. IT Raids in Odisha: Cash Haul Set to Be 'Highest-Ever' With Rs 290 Crore Seizure, 40 Counting Machine Deployed (Watch Video).

IT Department Busts Tax Evasion Fraud of Banshidhar Tobacco

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