Income Tax Department

Income tax department serves notice to UP rickshaw puller asking him to pay over Rs 3 crore

Singh said he got a call from IT officials on October 19 and was served a notice, asking him to pay Rs 3,47,54,896.

published on : 25th October 2021

I-T department detects tax evasion worth crores after raids on two business entities

Inflation of expenditure and under-reporting of revenue has also been detected and the group has also been found to be indulging in unaccounted cash payments, the CBDT said.

published on : 17th October 2021

IT department detects Rs 184 crore black money after raids on Mumbai realtor, linked entities

'The evidence gathered during the search has revealed several prima-facie unaccounted and benami transactions,' it said.

published on : 15th October 2021

I-T raids on three highway, irrigation contractors unearth Rs 750 crore

“Of this, Rs 487 crore has been admitted by the group entities as their undisclosed income,” said the ministry in an official statement.

published on : 13th October 2021

Hetero Drugs stashed Rs 142 crore cash in almirahs of several flats in Telangana

Hetero Drugs, which produced two important generic drugs for treating Covid-19 patients, came under the I-T dept scanner as it amassed wealth disproportionate to the known sources of income.

published on : 12th October 2021

I-T dept detects Rs 250 crore black money after raiding two business groups in Tamil Nadu

The searches were conducted at 34 locations in Kanchipuram, Vellore and Chennai on October 5.

published on : 10th October 2021

Hetero I-T raids: Rs 550 crore hidden income detected

The search operation was carried out at about 50 locations in six States, including Telangana and Andhra Pradesh.

published on : 10th October 2021

My comparison of Lakhimpur violence to Jallianwala Bagh led to I-T raids on Ajit Pawar's kin: NCP chief

Speaking at a meeting of NCP in Maharashtra's Solapur, Sharad Pawar wondered if people had the right to express their views freely in the country.

published on : 8th October 2021

I-T sleuths raid Maharashtra deputy CM Ajit Pawar's sugar factories, sisters' properties

The raids started on Thursday morning at six sugar factories across Maharashtra. Reacting to the raids, Ajit Pawar said they were politically motivated.

published on : 7th October 2021

IT department detects Rs 500-crore unaccounted transactions after raids on Gujarat real estate group

The raids that were launched at 22 premises of the group and the brokers on September 28 are underway.

published on : 2nd October 2021

I-T department asks taxmen to accept applications till September 30 for settlement before Interim Board 

In order to dispose off the pending settlement applications as on January 31, 2021, the government had constituted an Interim Board for Settlement.

published on : 29th September 2021

IT raids on two Chennai-based private syndicate financing firms unearth undisclosed sum of Rs 300 cr

The modus operandi adopted by the groups revealed that most of the interest payments by borrowers are received in dummy bank accounts and the same has not been disclosed for tax purposes.

published on : 25th September 2021

Income Tax department claims multi-crore tax evasion after raids on Gujarat diamond group

The searches were launched on September 22 at 23 premises of the group, which is also in tiles manufacturing business, at Surat, Navsari, Morbi, and Wankaner in Gujarat and Mumbai.

published on : 25th September 2021

I-T department detects multi-crore tax evasion after raids on West Bnegal-based group

Unaccounted cash of Rs 20 lakh has been seized while two lockers remain to be operated, the statement said.

published on : 21st September 2021

Income Tax department continues searches at properties, institutes linked to Anil Deshmukh

The focus of the investigation was a Rs 4.18 crore donation allegedly received by the Shri Sai Shikshan Sanstha, sources said.

published on : 18th September 2021
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