The demands have been raised over alleged discrepancies in annual returns and claims for input tax credit six years ago ie. FY17-18
When an individual files taxes, he or she may provide fraudulent information in an attempt to reduce or avoid paying.
The I-T department had discovered a variety of infringements, including massive tax evasion, bogus expenses worth hundreds of crores, etc.
The detailed monetary activities described by the various organisations/ institutions are reflected in the taxpayer’s form 26AS
Justice SM Subramaniam directed Vijay to deposit the fine to the chief minister’s COVID-19 relief fund within two weeks of the order passed