Tax Department’s Prosecution Notices Galore

With no reprieve in sight from the Indian tax department’s recently found aggression on serving prosecution notices, various chartered accountants’ associations have approached the finance ministry again. The associations of Mumbai, Ahmedabad, Surat, Karnataka, Lucknow have written to the ministry urging it to take note of lakhs of prosecution notices issued by the tax department ‘on mechanical issues without undertaking any qualitat...