News & Updates Latest Tax newsGST Raids Uncover ₹6.5 Crore Tax Evasion Across 41 Trader Premises July 11, 2026Raids on 41 premises uncovered alleged GST evasion worth ₹6.54 crore AnusreeNo Penalty under VAT Leviable without Finding Turnover Concealment: Allahabad HC imposes Cost on UP Tax Dept [Read Order] July 11, 2026Before imposing penalty under Section 54(1)(2), the assessing authority is duty-bound to record a specific finding, based on proper evidence, that the assessee intentionally concealed turnover or deliberately furnished inadequate particulars. Anusree
