income tax department

Rs 2,000 notes made up nearly half the black money seized this fiscal year: I-T data

Of the total cash confiscated, about 67.91 per cent, 65.93 per cent and 43.22 per cent were Rs 2,000 notes in the financial years 2017-18, 2018-19 and 2019-till date respectively.

published on : 20th November 2019

I-T sleuths raid residence of Tollywood producer D Suresh Babu, offices of his Ramanaidu Studios

At least ten teams of the IT department sleuths conduct searches at various firms related to the Telugu film industry in Hyderabad. 

published on : 20th November 2019

Non Bailable Warrant issued against Tamil film producer KE Gnanavel Raja

Gnanavel Raja was charged for the concealment of income and evasion of taxes, besides various unaccounted cash payments made during the financial years of 2007-08 and 2008-09.

published on : 18th November 2019

I-T dept attaches Sasikala's properties worth Rs 1,600 crore: Sources

Sasikala, late Tamil Nadu chief minister J Jayalalithaa's close aide, is currently lodged in Bengaluru's Parappana Agrahara jail in a disproportionate assets case.

published on : 5th November 2019

Income Tax Department cancels I-T registration of six Tata Trusts

In July, the I-T department had served notices on a set of Tata Trusts seeking to reopen assessment and questioning their decision to surrender registrations in 2015.

published on : 2nd November 2019

Andhra Pradesh and Telangana Income Tax department withdraws 969 appeals 

Income Tax Department of AP and Telangana region has withdrawn 969 appeals pending before the Supreme Court, AP High Court, Telangana High Court and Income Tax Appellate Tribunal.

published on : 2nd November 2019

Madras HC impleads income tax department in NEET impersonation case

The I-T department had on October 12 said it seized Rs 30 crore unaccounted cash during raids on a group running the coaching centre in Namakkal.

published on : 25th October 2019

I-T dept withdraws 1,072 appeals from HC, appellate tribunals

The cases were dismissed on the basis of a recent circular issued by CBDT on August 8, 2019, raising the threshold for filing cases in ITAT from `20 lakh to `50 lakh, retrospectively.

published on : 24th October 2019

Post IT raids godman Kalki Bhagavan claims to be 'more powerful'

In a video message to his devotees, he also refuted media reports which said he has fled the country.

published on : 22nd October 2019

Self-styled godman Kalki, son to be summoned by I-T for undisclosed income worth Rs 600 crore

Sources told Express that raids which were carried out in 40 premises belonging to the wellness guru and his son located in Chennai, Hyderabad, Bangalore and Varadaiahpalem culminated on Monday.

published on : 22nd October 2019

Maharashtra polls: EC seizes over Rs 78 lakhs unaccounted cash from Colaba constituency

Unaccounted cash of over Rs 15 crore have been seized from Mumbai since the Model Code of Conduct came into force for Assembly Election in Maharashtra, IT department said.

published on : 19th October 2019

Former tax department head K V Chowdary joins Reliance as an independent director

On his retirement, he was appointed as an advisor to the Department of Revenue on issues relating to black money, before being made the Central Vigilance Commissioner (CVC) in June 2015.

published on : 19th October 2019

Rs 500 crore undisclosed income with Kalki, Rs 93 crore seized: I-T

The Income Tax department has seized valuables worth `93 crore following its searches on 40 premises belonging to ‘wellness guru’ and self-styled godman Kalki Bhagwan. 

published on : 19th October 2019

I-T likely to file plaint in seat scam

Case could be referred to CBI for probe under Prevention of Corruption Act

published on : 19th October 2019

Tax evasion: Kalki ‘Bhagwan’ raided  

The Income Tax department on Wednesday launched raids at the premises of a self-styled spiritual guru and his son, in Tamil Nadu and Andhra Pradesh.

published on : 17th October 2019
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