Income Tax Raid

  • I-T raids 20 Yash Birla properties in Mumbai, Delhi January 7, 2014

    Mumbai: The Income Tax department on Tuesday is carrying out searches at five companies of the Yash Birla group. The raids are currently underway at 15 different locations in Mumbai and Delhi. The companies are being searched for suspected tax evasion. Officials suspect that the income declared by them is...
  • I-T dept detects alleged tax evasion in Nitin Gadkari's Purti group transactions May 5, 2013

    New Delhi: The Income Tax department has detected alleged tax evasion to the tune of Rs 7 crore in the business transactions of Purti group of companies related to former BJP President Nitin Gadkari. Probing the alleged dubious transactions of the Purti Power and Sugar Limited (PPSL) since 2012, the department...
  • Mumbai: Income Tax raids at Ekta Kapoor's Balaji Telefilms office May 1, 2013

    Television doyenne and film producer Ekta Kapoor's residence and office were raided by team of about 100 Income Tax officials in Mumbai. ...
  • Mumbai: Income Tax raids at Ekta Kapoor's Balaji Telefilms office April 30, 2013

    Mumbai: Income Tax officials are conducting raids at Ekta Kapoor's Balaji Telefilms office in Mumbai. The raids are also being conducted at producer Ekta Kapoor's residence as well as her father Jeetendra and brother Tushaar Kapoor residences. Tax evasion by the production house is the reason suspected behind the search and...
  • Mumbai: Overnight I-T raids at Leopold Cafe February 19, 2013

    Mumbai: The Income Tax department conducted raids at the Leopold Cafe in Mumbai on Monday night. Tax sleuths started their inspection around 6 pm in the evening and continued through the night. Sources say that documents from certain departments have also been seized after spotting irregularities. Cafe Leopold was one...
  • UPA trying to malign me, will quit if found guilty: Gadkari January 22, 2013

    New Delhi: Troubled Bharatiya Janata Party (BJP) President Nitin Gadkari on Tuesday reacted to the Income Tax Department surveys on Purti group investors and accused the Centre of ordering I-T surveys to damage his presidential prospects. Calling it a controversy against him, Gadkari said he would never hesitate to quit...
  • Mumbai I-T wing probes firms funding Gadkari's Purti group January 22, 2013

    Mumbai: There seems to be fresh trouble for Nitin Gadkari who is set to be re-elected as the Bharatiya Janata Party President on Wednesday. The Mumbai I-T wing is surveying seven companies found to have been routing money into Gadkari's Purti Group after allegations against the companies surfaced in the...
  • Jaipur: I-T raids jeweller, recovers assets worth Rs 100 crore November 6, 2012

    Jaipur: Income Tax department raided a jeweller's shop in Jaipur and recovered assets worth Rs 100 crore. The assets include cash amounting to Rs 1.5 crore. Jewellery worth Rs 1.5 crore and gold bricks worth Rs 70 lakh have also been recovered. Sources say the Income Tax department carried out the...
  • Are I-T raids leading to corruption? September 7, 2011

    New Delhi: These are taxing times for India Inc with multiple corporates coming under the taxman's scanner. But with news of an Income Tax official being allegedly bribed post the latest Everonn raid, serious questions have emerged. So is it time for the taxman to share more details post search...
  • I-T raids 14 premises, surveys six in Jaipur June 9, 2011

    Jaipur: Income Tax department conducted raids at 14 premises and surveys at six places belonging to private doctors here for suspected tax evasion, officials said on Thursday. The raids launched on Wednesday were being carried out till late last night and are likely to end on Thursday, they said. The raids and...
  • I-T officials raid TDP MP's office, residence February 4, 2011

    Hyderabad: Income Tax officials raided the residence of one of Andhra Pradesh's richest MPs, Nageswara Rao, on Friday. Rao's residence in Hyderaband and offices in Khammam were searched by the officials. The MP, who belongs to the Telugu Desam party and represents Khammam constituency, owns the Madhucon group of companies primarily...
  • Cash found less than Rs.50,000: Priyanka's CA January 29, 2011

    Mumbai: Priyanka Chopra's chartered accountant has denied rumours that Income Tax officials found unaccounted assets worth Rs.6 crore after their raid at the Bollywood actress' residence Monday. The cash found was less than Rs.50,000, according to the accountant. "Contrary to media reports, the total cash found by authorities was less than...
  • Rs 12 cr seized in raids on Priyanka, Katrina January 28, 2011

    New Delhi: Income Tax sources told CNN-IBN that Rs 12 crore have been seized in raids on Bollywodd actresses Priyanka Chopra and Katrina Kaif. I-T officials raided the office and residence of the two actresses on Monday. Priyanka's home in Versova, Andheri West, was raided. Also raided were the homes of their...
  • Income tax raids on Priyanka, Katrina January 24, 2011

    Mumbai: Income Tax department on Monday raided residences and offices of Bollywood actors Katrina Kaif and Priyanka Chopra for suspected tax evasion on income accruing from advertisements, foreign assignments and guest appearances. The raids began at 7.30 am and went on till late evening, an I-T official said, adding the...
  • Onion traders in Delhi go on strike January 11, 2011

    A day after Nashik onion traders went on strike, Delhi's onion traders also went on strike following I-T raids. ...
  • Nasik onion traders withdraw strike January 10, 2011

    New Delhi: Nashik onion traders on Monday decided not to purchase onions for two days from the Agricultural Produce Market Committees, following the nationwide income tax raids on onion traders. They, however, later withdrew their strike following assurances from the state government. Traders were protesting against the Maharashtra government's directive of...
  • I-T officials raid two CWG contractors October 28, 2010

    New Delhi: Income Tax officials raided the offices of Shiv Naresh Sports Pvt Ltd and Satya Prakash Construction in connection with allegations of corruption in Commonwealth Games. The nation-wide raids on premises of the contractors began early on Thursday morning. The raids were carried out across the national capital region and...
  • I-T officials raid close aides of Reddy brothers October 25, 2010

    Bangalore: Income Tax officials on Monday conducted raids at around 60 places in Karnataka, targeting seven ruling BJP MLAs, including ministers G Janardhana Reddy and G Karunakara Reddy. I-T raids were conducted at 60 to 65 places, mainly concentrating in Bangalore and Bellary, said sources in I-T department, whose action comes...
  • Income tax officer nabbed for taking Rs.1.50 crore bribe April 17, 2010

    Mumbai: The Central Bureau of Investigation (CBI) has nabbed an Income Tax Additional Commissioner and her husband for accepting a bribe of Rs.1.50 crore, a top official said in Mumbai on Saturday. IT Additional Commissioner (Circle III-Thane) Sumitra Banerjee's husband Subroto accepted the bribe on her behalf, CBI Western Region Director...
  • Tax raid nets Rs 10 crore from Jaipur financial broker August 26, 2009

    Jaipur: The Income Tax department has seized Rs 10 crore in cash and jewellery worth Rs 57 lakh from a financial broker in the city, a top IT official said on Wednesday. Income Tax officials found the money when raided two residential buildings and an office complex of the broker on...
  • Hasan Ali's IT links blip on I-T radar June 18, 2007

    Mumbai: Hawala operator Hasan Ali's trail is leading investigators down the IT path. CNN-IBN had first reported that some infotech companies in Hyderabad were under the income tax scanner for their role in Ali's network. Enforcement agencies have now zeroed in on a number of Hyderabad based IT companies involved...
  • Hasan Ali's IT, real estate links June 17, 2007

    Hyderabad: Horse trader and allegedly India's biggest tax evader, Hasan Ali's trail has led the Enforcement Directorate (ED) to Hyderabad. Officials now say that his trail has led them to at least 50 IT companies which started their businesses, made a couple of deals and then shut down. If the...
  • Tamil politics claims star 'victim' June 18, 2007

    Chennai: When the officials from the Income Tax department raided the residence of Tamil superstar-turned-politician Vijayakanth, they had no idea of the backlash that would follow. The actor’s fans, furious at their icon being made a “target of the state government”, pelted stones and burnt effigies of Tamil Nadu Chief Minister...
  • IT raids on Tamil star spark protest June 18, 2007

    Chennai: The Income tax department conducted raids at filmstar-turned-politician Vijaykanth's residence in Chennai. Though the outcome of the raid is not known as yet, there was stone pelting outside his residence and Vijaykanth’s supporters burnt effigies of Tamil Nadu Chief Minister M Karunanidhi. Subsequently, Police security was beefed up outside...