Error in assessment of income tax identified

The Comptroller and Auditor General (CAG) uncovered widespread errors in income tax assessments, potentially costing the government ₹5,728.8 crore. The CAG also highlighted significant tax evasion in the distilleries and breweries sector, leading to a revenue loss of ₹12,781 crore and criticized the government's failure to submit GST compensation fund accounts for audit.