Income Tax Dept Finds Hidden Sales Worth Rs 408 Cr By Restaurants
During the exercise, it was found that several restaurants were engaged in the deletion of bulk bills and other modifications to suppress the actual sales
Food & Beverage.
E-commerce & Marketplaces
Meesho Gets Rs 1,499 Cr Tax Demand For FY23-24
- by BW Retail World Bureau
- March 7, 2026
Meesho receives a Rs 1,499.73 crore tax demand from the Income Tax Department for AY 2023–24. The company says it will challenge the order and sees no major impact on operations.
Companies
Nestle India Gets Relief as SC Drops Rs 101 Cr Tax Appeals
- by BW Retail World Bureau
- January 22, 2026
The Supreme Court has dismissed as withdrawn the income tax department’s appeals against Nestlé India over the disallowance of general licensing fees, bringing closure to a Rs 101.21 crore tax dispute spanning several financial years.
Brands
Colgate India Gets Rs 268 Cr Tax Demand Notice
- by BW Retail World Bureau
- December 29, 2025
Colgate-Palmolive India has received a Rs 267.64 crore income tax demand for FY22 linked to transfer pricing issues and said it will appeal.
Brands
Companies
Finance
News
Polycab Stock Slides 9% After Tax Evasion Charges, Company Denies Allegations
- by BW Retail World Bureau
- January 9, 2024
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, […]
Companies
Finance
Government
News
Shree Cement Hit with Rs 4,000 Cr Tax Fine In Mega Evasion Case
- by BW Retail World Bureau
- January 6, 2024
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 […]
News
Income Tax Raids Underway At 64 Locations Of Packaging Company Uflex
- by BW Retail World Bureau
- February 21, 2023
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 […]