2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Chennai
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Bikaner
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Noida
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Kanpur
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Detailed explanation-1: -Kanpur perfume industrialist Piyush Jain arrested over tax evasion charges.
Detailed explanation-2: -Throwing up the biggest cash haul in the history of India, Kanpur-based businessman Piyush Jain was arrested on charges of tax evasion in December 2021. During a series of raids on the premises owned by him, cash worth over Rs 257 crore as well as gold and silver was recovered.
Detailed explanation-3: -Tax evasion is a criminal offence in India. Chapter XXII of the Income Tax Act, 1961 states provisions related to the prosecution of such offences, failure to file a timely return, false information, deliberate attempt to evade tax, fabrication of numbers etc. The burden of proof in such cases lies on the accused.