2016 — Income Tax Investigation

SUMMARY OF INCIDENT

**April 2016:** The **Income Tax Department** (Surat investigation wing) unearths **₹2,500 crore** in unaccounted transactions and **₹2,300 crore** in undisclosed income since 2008–09. The assessment report runs to **1,914 pages across four volumes** (main order: ~550 pages). **2016:** I-T imposes a...