Income tax Department

Income Tax department seized Rs 200 crore from liquor firms in Odisha

Sources in the department said searches were carried out at over half a dozen firms including M/S Shiw Ganga and Company, Boudh Distillery Pvt Ltd over alleged tax evasion.

published on : 7th December 2023

Income Tax raids at Congress candidate Srinivas Reddy's residences & offices in Telangana

The Palair Congress candidate two days back alleged that Chief Minister K Chandrasekhar Rao trying to create trouble for him with Income Tax, ED and other agencies with colluded hands with the BJP. 

published on : 9th November 2023

I-T says Rs 22cr seized in raid on TN minister EV Velu's assets 

Unaccounted transactions worth hundreds of crores have also been been unearthed during the raids, sources said on Monday. 

published on : 8th November 2023

Income-tax department conducts multi-state searches against Som Group

Around 40-45 premises in Madhya Pradesh, Chhattisgarh, Delhi and Karnataka are being covered as part of the searches, they said.

published on : 7th November 2023

PM Modi sends ED, I-T and CBI before he comes campaigning: Kharge in poll-bound Rajasthan

The Congress President also called the central probing agencies as "jawans" of Prime Minister Modi.

published on : 6th November 2023

IT raids various locations in Tamil Nadu allegedly linked to DMK leader Vasugi Murugesan and PWD minister EV Velu

Income Tax officials also conducted searches at the Arunai Engineering College (AEC) in Thiruvanamalai. The AEC was founded in 1993 by EV Velu.

published on : 3rd November 2023

Rs 32 crore cash, Rs 28 crore worth gold seized from educational groups in Tamil Nadu

A large amount of incriminating evidence in the form of loose sheets, hard copy of documents, and digital data have been found and seized.

published on : 19th October 2023

I-T dept seizes Rs 32 crore cash, bullion worth Rs 28 crore after raids in TN, Puducherry

Large scale evidences about receipt of fee which are unrecorded in the books of account and claim of non-genuine disbursement of scholarships have been seized.

published on : 18th October 2023

I-T raids on premises of Lokesh’s aide Chandra Mouli 

According to sources, Chandra Mouli is a close associate of TDP national general secretary Nara Lokesh. He is a civil contractor and is also into aqua and mining businesses.

published on : 13th October 2023

Centre opposes think tank plea to use bank funds to pay salaries to employees

It was submitted by the organisation that without foreign contribution, it would be forced to shut down, adding that it has come to a grinding halt in the past six months and 23 researchers have left

published on : 11th October 2023

I-T officials conduct searches at premises linked to MP S Jagathrakshakan; DMK calls it vendetta

While I-T sources said the search, currently on in 40 places, has nothing to do with politics, Chief Minister M K Stalin dubbed it as ‘vindictive politics’.  

published on : 5th October 2023

Tax refund delay due to previous demands: Income Tax department

 This is a taxpayer friendly measure where an opportunity is being provided in line with principles of natural justice, claimed the finance ministry.

published on : 24th September 2023

YSRCP for ED probe into I-T notice to Naidu

IT Minister calls ex-CM a ‘skilled criminal’, accuses him of indulging in corrupt practices for developing Amaravati

published on : 5th September 2023

No need to respond to I-T notice: Naidu

Addressing the TDP's Zone-2 meeting near Kakinada on Saturday, Naidu hit back at the YSRC, saying the ruling party had been making baseless allegations against him as the elections are due next year.

published on : 3rd September 2023

Kerala State Beverages Corporation (Bevco) to get refund of Rs 1,150 crore from I-T dept

Rajesh congratulated Bevco MD Yogesh Gupta and his team for their tiring efforts to reclaim the amount.

published on : 20th August 2023

Net direct tax mop-up grows 17% to Rs 5.84L cr 

The Income Tax department in a statement said the collections from the direct taxes, which include personal income tax and corporate tax, up to August 10, 2023, continue to register “steady growth”. 

published on : 12th August 2023

Former I-T inspector sentenced to 8.5 years in jail for accepting bribe in Kochi

The accused has been convicted and sentenced to undergo rigorous imprisonment for four years and to pay a fine of Rs 20,000 under Section 7 of the Prevention of Corruption Act.

published on : 28th July 2023

Wrongful claim of tax refund will attract strict punishment: I-T official

The persons admitted to having filed a large number of returns with bogus deductions/exemptions and have got refunds of substantial amounts for their clients.

published on : 8th July 2023

I-T flags Rs 2.7K crore violations in Tamilnad Mercantile Bank

Further, SFTs filed by the bank were found incomplete in several respects.

published on : 1st July 2023

I-T sleuths summon BRS MLAs, MP after searches

Sources said the three Legislators sought time and are likely to be examined on Wednesday or Friday.

published on : 21st June 2023
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