Office boy faces Rs 1.46 crore tax demand, alleges KYC misuse; why ITAT ruled in his favour​on November 14, 2026 at 5:31 am

The Income Tax Department initiated reassessment proceedings against a man after receiving information about transactions associated with a pharma company, described in the information available to the tax authorities as the man’s proprietary concern. The bank account records showed debit entries of Rs 1,27,62,500 and credit entries of Rs 18,85,000.