States » WestPosted at: Oct 7 2025 8:16PM


IT conducts raids at Confidence Petroleum India Ltd in Nagpur

Nagpur, Oct 7 (UNI) The Income Tax Department today conducted raids at the premises of Confidence Petroleum India Ltd and its associate firm Confidence Futuristic in Nagpur reportedly owned by industrialist Nitin Khara, officials said.
According to sources, IT officials carried out searches early in the morning and continued through the day at the company’s Go Gas warehouse, where a large stock of LPG cylinders was found. Preliminary findings suggest that the company was allegedly operating without a valid stock license, violating regulatory norms.
The officials are verifying records related to LPG storage and distribution amid suspicion that transactions were being conducted without proper authorization. Notably, similar raids were conducted on the company’s establishments around six years ago, during which alleged irregularities in stock handling and documentation were also detected.
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