A nationwide survey conducted by the Income Tax Department on 62 restaurants across 46 cities in 22 states has revealed suppression of sales amounting to around Rs 408 crore, Finance Ministry said on Monday.
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The Supreme Court has declined to hear a petition questioning the Income Tax Act’s search and seizure powers. Judges stated the provision is designed to catch major tax evaders. They acknowledged potential misuse but emphasized existing remedies are sufficient. The…
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The Income-Tax Department is currently investigating restaurants across multiple cities. This action follows a Hyderabad probe that uncovered alleged sales under-reporting through manipulated billing software. Officials are surveying restaurant premises to understand their billing systems. The exercise aims to assess…
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SBI General Insurance is targeting growth significantly above the industry while strengthening profitability and retail expansion, according to CFO Jitendra Attra, who said the insurer is focusing on disciplined underwriting, technology investments, and a balanced portfolio to sustain momentum.
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Reliance Retail has acquired the Pahadi Local brand and business. This move strengthens Reliance’s beauty and personal care segment. Pahadi Local is a Himalayan-inspired wellness brand. It focuses on nature-led personal care products. The brand will be integrated into Reliance’s…
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Fast-moving consumer goods companies are revisiting packaging strategies. Rising crude oil prices are forcing them to consider reducing product weight or increasing prices. This comes after recent GST cuts had brought relief. Global supply disruptions and inflation are key concerns.…
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