The Income Tax Department has conducted searches at several premises of the famous Ambika Firecrackers shop in Ahmedabad. IT Department has been conducting a search operation at two branches of Ambika in Raipur. Shivaranjani crossroads and the SG Highway branch have also been subjected to raids, with expectations of uncovering a significant number of benami transactions.
The IT investigation at Ambika Fireworks Store has created a ripple effect among other traders, and the search operation is still ongoing. While you may not have heard the name Ashish Khajanchi, the name Ambika Patakda is likely familiar. Ambika Crackers, conceived by Ashish Khajanchi, stands as one of the largest wholesalers in the fireworks industry.