income tax department
Polycab Stock Slides 9% After Tax Evasion Charges, Company Denies Allegations
Brands Companies Finance News

Polycab Stock Slides 9% After Tax Evasion Charges, Company Denies Allegations

Polycab stocks plunged nearly 9 per cent following reports of a Rs 200 crore tax evasion. According to sources, the income tax department identified alleged transactions amounting to Rs 250 to 300 crore in the company’s promoter accounts. The company, however, has refuted these allegations. The stocks experienced significant losses and settled at Rs 4867, […]

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Shree Cement Hit with Rs 4,000 Cr Tax Fine In Mega Evasion Case
Companies Finance Government News

Shree Cement Hit with Rs 4,000 Cr Tax Fine In Mega Evasion Case

The Income Tax department reportedly levied a Rs 4,000 crore fine on Shree Cement following a survey indicating improper claims of Rs 8,500 crore over nine years. Conducted at five locations in June last year, the survey focused on deductions under section 80IA of the Income Tax Act from April 2014 to March 2023, as […]

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Income Tax Raids Underway At 64 Locations Of Packaging Company Uflex

The Income Tax department is conducting raids at packaging company Uflex Limited, covering 64 different locations across the country, sources said. According to UFlex’s website, it is a multinational packaging solutions provider. Searches are going on in Uttar Pradesh, Delhi, Gujarat, Maharashtra, Madhya Pradesh, West Bengal, Jammu and Kashmir, Haryana, Tamila Nadu, Uttarakhand, and Himachal […]

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