Income Tax recovery orders to jewelers could lead to bankruptcies, frauds: IBJA

The Indian Bullion and Jewellers Association (IBJA) has requested a stay on Income Tax department’s recovery orders, saying it could lead to frauds and bankruptcies in jewellery industry. The jewellers’ body said that assessments were made without proper opportunities of being heard and even all evidences and records were shown to explain cash sales were rejected. The […]

Read more