The Enforcement Directorate conducted FEMA searches against Mumbai-based film producer Dharmesh Sangani and Kalanee Impex Ltd. over alleged undisclosed foreign assets, bank accounts and export irregularities. Officials also alleged Sangani attempted to destroy evidence during the search by discarding his mobile phone
The Income Tax Department will send SMSs/emails to 25,000 high-risk taxpayers over undisclosed foreign assets. The CBDT urges filing revised ITRs by December 31, 2025, to avoid penalties under the Black Money Act, expanding the nudge campaign nationwide
