Income Tax department seizes Lucknow Lulu Mall’s bank account

In a major development, the Income Tax Department has seized the bank account of Lucknow’s Lulu Mall. According to officials, Lulu Mall in Lucknow had outstanding tax dues of Rs 27 crore, which were not paid on time. Due to the failure to pay the tax on time, the Income Tax Department has seized the mall’s bank account. The Income Tax Department has confiscated the bank account for an enormous tax liability of Rs 27 crore. Lulu Mall in India is an undertaking of UAE-based Lulu Group International. MA Yusuff Ali is the founder and chairman of the company. The group runs hypermarkets and retail chains in Gulf countries. The company consists of a total of eight malls in India, of which five are located in Kerala alone. The malls in Kerala are located in Thiruvananthapuram, Kochi, Palakkad, Kozhikode, and Kottayam. The remaining three malls are in Karnataka, Uttar Pradesh, and Telangana.