   
Rajusk
Megastar Username: Rajusk
Post Number: 26408 Registered: 02-2008 Posted From: 24.185.8.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, March 08, 2013 - 12:59 pm: |
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Income Tax authorities in the financial capital today said they have found over Rs 7,200 crore worth fake bills -- from just 189 I-T returns--presented by assesses to suppress taxable income. It also asked the tax payers to voluntarily come forward and disclose their true income details by filing revised returns. "Investigations conducted by the department in recent months in about 150 cases in Mumbai and 39 in Pune have led to detection of bogus bills of Rs6,500 crore and Rs722 crore, respectively," the I-T Department said in a statement. A large number of taxpayers have obtained "bogus/non- genuine bills for purchases/expenses from a few hawala dealers and used such bills to suppress taxable income," it said. It has checked up on the bills with the value-added tax and sales tax authorities in Maharashtra to establish that the bills are fake. |