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Major Action by Income Tax Department: Raids on Two Political Parties, Exposing Bogus Donations Worth Rs 500 Crore and Fake Tax Exemptions
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The Income Tax Department has launched a major crackdown against tax evasion and bogus donations across the country, raiding the premises of two political parties. The investigation revealed that tax exemptions were misused through fraudulent donations worth approximately ₹500 crore over the past three years, which were returned in cash after deducting commissions. Simultaneous raids at over 150 locations: On July 14th, the Income Tax Department…
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