The New India Assurance Company Ltd, a state-owned general insurer, has received a favorable ruling from the Income Tax Department, entitling it to a tax refund of ₹1,945.08 crore for…
Bogus Income Tax Refund Claims: A Growing Concern
Fraudulent refund claims have become a significant issue, prompting the Income Tax Department to intensify its scrutiny. Practices such as false income declarations, fabricated deductions, and inflated exemptions are unethical…