Income Tax Department raids Meerut CA's Office and Residence
The operation, which commenced early in the morning and continued into the night, was part of a nationwide crackdown on fraudulent tax deductions and financial irregularities.
On Monday, July 14, 2025, the Income Tax Department conducted extensive raids at the residence and office of Chartered Accountant Nikhil Gupta, along with his brother, Company Secretary Priyam Gupta, and Priyam’s wife, CA Yashika Gupta, in the Delhi Chungi area of Meerut. According to reports, teams from Meerut, Noida, and Ghaziabad arrived at the premises around 6 AM in a...
On Monday, July 14, 2025, the Income Tax Department conducted extensive raids at the residence and office of Chartered Accountant Nikhil Gupta, along with his brother, Company Secretary Priyam Gupta, and Priyam’s wife, CA Yashika Gupta, in the Delhi Chungi area of Meerut.
According to reports, teams from Meerut, Noida, and Ghaziabad arrived at the premises around 6 AM in a convoy of eight vehicles. The raids involved a thorough examination of financial documents, computers, laptops, and other digital data. Officials indicated that the action was prompted by allegations of fraudulent income taxreturns involving fake deductions for medical expenses, school fees, and political donations.
How to Compute Income from Salary with Tax Planning, Click Here
The Income Tax Department suspects that fabricated documents were used to help clients claim illegitimate tax exemptions.
Perspectives:
https://x.com/carajendra89/status/1944968109884104967
https://x.com/zee24taasnews/status/1945063289580359847
https://x.com/RATANSINGHTANW2/status/1944693266081108373
https://x.com/sunnysanketh78/status/1944665238533767389
During the search, one room was reportedly locked and thoroughly examined. Officials also questioned staff members as part of the investigation. The investigation is ongoing, and further action will be taken based on the findings, reported Jurishour.
The raids have sparked controversy, with members of the Chartered Accountants Association expressing concerns over the manner of the operation. They have alleged harassment and demanded a review of the procedures followed during the raids. The Income Tax Department has assured that the investigation is being conducted in accordance with legal protocols and due process.
Get a Complete Kit of Essential Books for Daily Practice, Click Here
This action is part of a broader campaign currently underway at more than 200 locations across the country to identify and act against tax evasion through fictitious deductions.
The accused are also suspected of using shell companies to manipulate financial records.
As the investigation progresses, further details are expected to emerge regarding the extent of the alleged tax evasion and the involvement of other individuals or entities. The Income Tax Department has emphasized its commitment to ensuring tax compliance and taking stringent action against those found guilty of financial misconduct.
Support our journalism by subscribing to Taxscanpremium. Follow us on Telegram for quick updates
