Rs 1.46 crore tax demand on office boy who alleges KYC misuse; what ITAT ruled
The Income Tax Department initiated reassessment proceedings against a man after receiving information about transactions associated with a pharma company, described in the information available to the tax authorities as the man’s proprietary concern. The bank account records showed debit entries of Rs 1,27,62,500 and credit entries of Rs 18,85,000.
Key Takeaways
- The Income Tax Department initiated reassessment proceedings against a man after receiving information about transactions associated with a pharma company, described in the information available to the tax authorities as the man’s proprietary concern.
- The bank account records showed debit entries of Rs 1,27,62,500 and credit entries of Rs 18,85,000.
- Full details and original dispatch available below.
The Income Tax Department initiated reassessment proceedings against a man after receiving information about transactions associated with a pharma company, described in the information available to the tax authorities as the man’s proprietary concern. The bank account records showed debit entries of Rs 1,27,62,500 and credit entries of Rs 18,85,000.
Original Publisher Attribution
This summary was curated from Times of India.