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Tax department clarifies increase in indiscriminate raids

Last updated: 24 December 2011


It has been reported in a section of the press that several captains of industry have complained to the government that taxmen are harassing industry by resorting to indiscriminate and increased raids. It is informed that under the Income Tax Act, search and seizure is conducted on the basis
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


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