‘My I-T officer was a dentist…’: Businessman’s ₹69 lakh tax battle raises accountability questions

‘My I-T officer was a dentist…’: Businessman’s ₹69 lakh tax battle raises accountability questions

In 2019, Rakesh Sheth thought his books were behind him. Audits done, taxes paid, accounts closed. Then came the shocker—a ₹69 lakh income tax demand for FY 2012–13. “Seven years after everything was settled,” he wrote on X, “I received a staggering notice.” To even challenge it, he had to first pay over ₹13 lakh—20% … Read more

View: The BJP government should uphold its own pledge to end ‘tax terrorism’

View: The BJP government should uphold its own pledge to end ‘tax terrorism’

In the now-famous case, an international arbitration tribunal in The Hague recently ruled that India’s imposition of a huge tax liability of Rs 22,100 crore on Vodafone, including interest and penalties, breached the investment treaty between India and the Netherlands. It also directed India to pay $5.47 million to the company for its legal costs. … Read more