In a renewed effort to tackle tax evasion, the Income Tax Department has initiated a fresh wave of reassessment proceedings targeting businesses suspected of inflating purchase entries to reduce their taxable profits. According to sources, several previously concluded assessment cases are being re-e
Income Tax Department Reopens Past Assessment Cases in Crackdown on Fake Purchases and Bogus Invoices
Last updated: 15 April 2025
Comments
Recent News :
- CBDT Amends Form 27EQ: TCS Now Applicable on Luxury Goods and Collectibles
- CBIC Amends Customs Circular to Replace 'Certificate of Origin' with 'Proof of Origin' under CAROTAR, 2020
- Over 25,000 Fake Firms Detected for Rs 61,545 Crore ITC Fraud in FY 2024-25
- ICAI Strengthens Fight Against Financial Fraud Through Strategic National Collaborations
- RBI Issues New Guidelines: Minors Above 10 years Can Now Operate Bank Accounts Independently
- ICAI Signs MoU with CAG to Boost Capacity of PSU Audit Officers
- UAE-Based NRI Gets Rs 2.84 Crore GST Notice for Fake Firm, Alleges PAN Misuse
- GST Fraud of Over Rs 100 Crore Busted: Commerce Graduate Arrested
- Form 10AB Filing Activated: Charitable Trusts Can Now Seek Section 12A Relief
- MCA Notifies Election Tribunal for ICAI Council Poll Disputes Held in Dec 2024
Popular News
- Indian CAs in High Demand Across the Globe: ICAI President
- ICAI Suspends Two CAs for Professional Misconduct in Separate Disciplinary Cases
- Farmer Shocked by Rs 143 Crore IT Notice Linked to PAN Card Fraud
- CBIC Issues Instructions to Streamline GST Registration Process and Curb Harassment
- CBDT Notifies HUDCO Bonds as Long-Term Specified Asset u/s 54EC for FY 2025-26
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
