- Tag results for Tax evasion
Following the Enforcement Case Information Report filed by the agency, Shivakumar and his associates are expected to be summoned to Delhi for questioning.
With most of the loose ends tied up with regard to Goods and Services Tax (GST), the revenue department has now decided to focus on enforcement with a view to shore up revenues by checking tax evasion
BJP spokesman Sambit Patra said in fact, time has come for Rahul Gandhi to "surrender" before the country and explain why after so much of defalcation "you can give a call for Bharat Bandh".
Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said that the department has faith on the income taxpayers, but will not allow evaders to scot-free.
The opposition parties had used the I-T raids to target the AIADMK government alleging that it exposed corruption in award of tenders and a nexus between the highway contractor and party sympathisers
The Customs on Saturday arrested the CEO of Plus Max, which was operating a duty-free shop at the Trivandrum International Airport, for alleged tax evasion and illegal sales of liquor.
More skeletons may tumble out of duty free shop if tax evasion at Trivandrum Airport is not compromised
However, Customs Commissioner Sumit Kumar told Express the department would go ahead with the probe and bring all the accused involved in the crime before the court of law.
Even as the Income Tax department has warned against tax evasion, a government estimate has pegged the share of arrears locked in litigation at more than 85 per cent.
In a single-page advisory issued on Wednesday, the department said such attempts aided and abetted by unscrupulous intermediaries have 'been noted with concern'.
Sleuths of Rourkela Commissionerate of Central GST and Central Excise department investigating into cases of tax evasion and tax fraud recovered about Rs 11.50 crore.
The cat and mouse game between tax evaders and tax men continues even after implementation of Goods and Services Tax regime.
Economic Offences Wing Court judge Justice M.S. Alva granted conditional bail to Shivakumar on Rs 1 lakh personal bond and Rs 25,000 sureties by two persons.
The former Spanish international is accused of three crimes of tax fraud between 2010 and 2012, for income related to the exploitation of his image rights.
They said the searches were being conducted in Mumbai, Pune, Surat, Hyderabad, Bengaluru and few other cities against 13 companies linked to Choksi and the Gitanjali Gems.
Raids on three leading fish processing units in coastal Karnataka revealed huge tax evasion on Rs 195 crore of undisclosed income and led to seizure of Rs 88 lakh unaccounted cash.