India Bullion-and-jewelers-association

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With revenues falling, taxman rakes up three-year-old demonetisation cases; about 15,000 jewellers sent tax demands
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With revenues falling, taxman rakes up three-year-old demonetisation cases; about 15,000 jewellers sent tax demands

Tax authorities are within the rights to demand tax on past revenue, which takes time to scrutinise, but it is highly unusual for officials to demand the entire revenue as tax.