Large-scale tax fraud busted by Income Tax department across Tamil Nadu, involving 1000s of employees

The Income Tax Department's intelligence wing uncovered a large-scale tax fraud during surprise raids across Tamil Nadu, involving thousands of employees from PSUs and corporates. Tax fraud was facilitated by Income Tax Practitioners (ITPs), Chartered Accountants (CAs), and intermediaries who generated fake donation receipts, medical expenses, rental agreements, and other bogus claims under sections like 80GGC, 80E, 80C, 80DD, and 80DDB. Employees from major PSUs, including BHEL, TNEB, OFT, and others, were involved. The fraud resulted in evasion of several crores of rupees through fabricated evidence and fraudulent claims.