Categories: Business

Office boy faces Rs 1.46 crore tax demand, alleges KYC misuse; why ITAT ruled in his favour

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.

The News Vista

Leave a Comment
Share
Published by
The News Vista
1 day ago

Recent Posts

IndiGo flight’s landing gear fails to retract after take-off, makes safe emergency landing in Pune

43 minutes ago

Indian football’s woes continue as Jamil’s men suffer another defeat to New Zealand

India suffered a second consecutive defeat against New Zealand, losing 0-3 in Christchurch after their…

1 hour ago

India Bowled Out for 209 in 5th ODI Against New Zealand – Deccan Chronicle

India Bowled Out for 209 in 5th ODI Against New Zealand  Deccan Chronicle

1 hour ago

India lose 0-3 to New Zealand in football friendly – ThePrint

India lose 0-3 to New Zealand in football friendly  ThePrint

1 hour ago

Bad air, bigger bills: Air pollution drives health insurance claims up fourfold in 3 years

In India, the demand for health insurance claims related to pollution has skyrocketed, witnessing a…

2 hours ago

Why PM Modi called this new attraction in Mysuru ‘a must-visit’

COSMOS-Mysuru Planetarium stands as India's pioneering LED dome planetarium, nestled in the University of Mysore…

2 hours ago