Income Tax Flags Rs 843.97-Crore Fake Political Donation Racket, Rs 250-Crore Loss in Gujarat

The Income Tax Department has filed a notice alleging a fraudulent donation racket involving ₹843.97 crore directed to political parties, resulting in a tax loss of ₹250 crore in Gujarat. The allegations were made in a formal notice issued by the department, which has identified the parties involved and is conducting a detailed investigation. The investigation is ongoing, and the department has requested cooperation from the implicated entities; no further details have been released at this time.