Jakir Hossain is the MLA from Jangipur in Murshidabad and a former junior labour minister in the West Bengal chief minister Mamata Banerjee’s cabinet.
The Exel Group of Companies is into rubber and plastic manufacturing business as well as infrastructure, Information Technology, engineering, healthcare and other sectors.
Addressing the media on Thursday, Jayaram, however, denied it was a benami property.
A division bench of Justice PS Dinesh Kumar and Justice MG Uma quashed the notice dated August 11, 2021, issued by the Joint Commissioner of Income Tax
The I-T officials reportedly found several discrepancies in transactions carried out by the Malla Reddy group of educational institutions as well as the businesses run by his relatives.
The bench said the illegality of collecting capitation fee cannot be ignored as the assessing officer has clearly established collection of capitation by the trusts.
Two seed companies also under scanner for ‘suspicious transactions’ in run-up to bypoll
The RS Brothers group of companies own Big C, Sumadhura Vasavi and Lot Mobiles in the two Telugu states.
Under the income tax act, those taxpayers who need to get their accounts audited by a chartered accountant are required to file the tax audit report with the I-T department by September 30.
NDTV said RRPR Holding and the company has received a letter from Vishvapradhan Commercial Private Ltd (VCPL) informing that the Adani Group firm had approached the IT department on the issue.
The Ministry of Home Affairs denied Oxfam India its FCRA renewal licence in December 2021 at a time when it was conducting one of the largest civil society responses to the Covid crisis.
The Income Tax department on Wednesday conducted raids and surveys in various states in separate cases related to alleged tax evasion, FCRA violations, and illicit funding.
The exact reason for conducting the survey, where only business premises are covered by the taxman, was not known.
Chhattisgarh Chief Minister Bhupesh Baghel told reporters at the Raipur airport that he had already predicted raids by the Income Tax and the Enforcement Directorate.
A coordinated action has been launched by the tax department against the RUPPs, their linked entities, operators and others, the sources said.
SSC scam: I-T team conducts raid at Jharkhand hotel to nab 'close aid' of Partha Chatterjee, unsuccessful
The team received input from the Enforcement Directorate in Kolkata, that the person was in Bhandara Park allegedly to hide unaccounted money.
Recently Li had approached the Delhi High Court seeking quashing of a Look Out Circular against him which restrained the Chinese national from leaving the country.
The raids were launched on July 14 on the premises of the group located in the state and some in Mumbai.
The raids were conducted on 25 premises across Mumbai, Ahmedabad, Vadodara, Bhu and Kolkata.
According to sources, raids are also being conducted at the T Nagar office of film producer Kalaipuli S Thanu in Chennai and film Producer SR Prabhu's Teynampet residence.