<h1>Income Tax Raids Uncover 115 Shell Companies Laundering Rs. 400 Crore in Kanpur and Delhi Pan Masala Case.</h1> The Income Tax Department conducted searches on a business group in Kanpur and Delhi involved in manufacturing Pan Masala and real estate. The investigation covered 31 locations, revealing a network of 115 shell companies used to launder unaccounted income. These companies, often led by financially incapable directors, provided bogus loans and advances totaling Rs. 226 crore over three years. Evidence of unaccounted transactions exceeding Rs. 400 crore was found, including Rs. 110 crore in bogus loans related to Pan Masala. The search uncovered Rs. 52 lakh in cash and over 7 kg of gold. Forensic analysis and further investigations are ongoing.