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The Directorate of Enforcement (ED) raid at Bhasarungan's residence completed 24 hours on Thursday.
The ED checked the bank documents including several loan transactions.
Palestinians account for 25 per cent of the workforce employed by the Israeli construction industry.
Israeli Prime Minister Benjamin Netanyahu again rejected calls for a ceasefire in Gaza.
Israeli military said it had come under attack several times from Hamas "tunnel shafts and military compounds" in northern Gaza.
A single-judge bench observed that bursting firecrackers is not mentioned in holy books.
The accused had been using the tattoo studio as a cover for their narcotics business, said excise official
Congress leaders, including Rajasthan Chief Minister Ashok Gehlot, alleged the raids were carried out at the behest of the BJP government at the Centre.
The Palestinian death toll has soared past 7,000 as Israel has carried out waves of devastating airstrikes in response to a bloody Hamas incursion into southern Israel on Oct. 7.
The arrest was registered after nearly 20 hours of raid and search operations at Mallick's Salt Lake residence