Massive Income Tax Raids on Khazir Group: Crores in Cash, Dubai Assets Under Probe:

The Income Tax Department raided the Khazir Group across multiple cities, seizing cash, sealing lockers, and probing alleged hidden assets worth crores.

Investigators Uncover Cash, Sealed Lockers, And Suspected Dubai Properties

Saloni Kumari

Oct 4, 2025

Last update on Oct 4, 2025

Massive Income Tax Raids on Khazir Group: Crores in Cash, Dubai Assets Under Probe On Tuesday, October 01, 2025, the Income Tax Department conducted huge raids against the Khazir Group, a large and well-known business group in Kashmir that works in several sectors, including the hotel and tourism sector. Sources say the raid has been spread over wide locations, including Srinagar, Delhi, and Mumbai. During the investigation, tax officials allegedly confiscated many incriminating documents and digital records. The Tax Department is now inspecting these documents to further uncover possible violations of tax and financial laws. Local reports said that cash was found, several lockers were sealed, and hidden foreign assets were uncovered. The findings also suggest unexplained investments in Dubai properties worth tens of crores. Early probes suggest massive tax evasion of several crores; however, officials have not confirmed it yet. The Khazir Group, which also owns the popular Sarovar Portico Hotel in Srinagar, is still being closely investigated by the Income Tax Department.

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Saloni Kumari

Content Writer

Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].