The Income Tax Department carried out a raid at the Go Gas warehouse, run by Confidence Petroleum India Ltd, owned by industrialist Nitin Khara. During the inspection, officials reportedly examined the LPG gas inventory stored at the facility.
Officials have alleged that the company was storing and trading LPG cylinders without a valid stock license, violating legal regulations. The Income Tax Department suspects that Go Gas was operating without proper authorization, raising serious compliance concerns.
According to a media report, this is not the first instance of scrutiny for the company. About six years ago, similar raids were conducted at multiple Go Gas locations, uncovering several unlicensed transactions.
Authorities are expected to release further details and official statements regarding the ongoing investigation soon.
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