Cbdt

  • NCW holds CBDT guilty in I-T officer sexual harassment case July 17, 2014

    New Delhi: After an Income Tax officer from West bengal alleged that she was sexually harassed by her superior and her complaints to the Central Board of Direct Taxes (CBDT) were ignored, the National Commission for Women (NCW) has held the CBDT guilty. The NCW said that the lady officer was...
  • Moin Qureshi hawala probe: CBDT refuses to share details with the CBI June 25, 2014

    New Delhi: The Central Bureau of Investigation (CBI) is at loggerheads with the Central Board of Direct Taxes (CBDT) over the probe into the Moin Qureshi Hawala case. The CBDT has refused to share details regarding the probe with the CBI. The CBI had sought details after reports emerged that CBDT...
  • CBI writes to CBDT Chairman in connection with suspected tax evasion by meat exporter Moin Qureshi May 25, 2014

    New Delhi: The Central Bureau of Investigation has written to the CBTD Chairman in connection with the suspected tax evasion by meat exporter Moin Qureshi. CBI Director Ranjit Sinha wrote a letter to CBDT Chairman R K Tewari asking him to hand over evidence, if any, against any former CBI officials...
  • EC seeks cancellation of tax benefits to 10 political parties April 20, 2014

    New Delhi: The Election Commission (EC) has sought withdrawal of tax exemption benefits to ten political parties from the CBDT on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body. The EC, in its latest communication, has asked the Central Board of...
  • New PAN allotment norms put on hold; old procedure to continue January 30, 2014

    New Delhi: New norms for issuance of PAN card requiring verification of original documents have been put on hold with the Finance Ministry on Thursday announcing that the existing procedure will continue. "The Central Board of Direct Taxes (CBDT) has decided to keep in abeyance the decision to change the procedure...
  • Dawood's blood money trail: CBDT seeks copy of CNN-IBN report April 7, 2013

    New Delhi: Days after a CNN-IBN and FirstPost.com investigation found that ganglord Dawood Ibrahim's cash was washing up in the offshore banking haven of Nassau in The Bahamas in a Bank of Baroda branch, the Central Board of Direct Taxes (CBDT) has approached the channel seeking details into the...
  • 'Gadkari lent to and borrowed from the same firm' October 25, 2012

    New Delhi: CNN-IBN has accessed details of one of the alleged shell companies that invested in BJP President Nitin Gadkari's Purti Group. Regency Equifin Pvt Ltd interestingly has Gadkari's accountant Kawdu Zade and other employees in Purti as directors. Also, records show that Regency Equifin both borrowed from and lent money...
  • Chidambaram to review direct tax collections on Oct 8 October 6, 2012

    New Delhi: Finance Minister P Chidambaram will review the direct tax collections and overall functioning of the Income Tax Department and the CBDT on Monday. The review, according to sources, is scheduled for October 8 and top officials of the CBDT, I-T and Finance Ministry will attend. In view of...
  • I-T not harassing Ramdev: CBDT chairperson September 7, 2012

    New Delhi: The CBDT on Thursday rejected the charge that it was harassing Yoga guru Ramdev against whom it has slapped a Rs 58 crore notice for alleged violation of tax exemption provisions given to his trust. "As far as allegation of harassment of Baba Ramdev has been made by you...I...
  • Panel to review taxation of development centres, IT July 30, 2012

    New Delhi: In yet another move to provide clarity on taxation issues, Prime Minister Manmohan Singh on Monday set up a committee to look into such matters pertaining to IT sector and research and development related activities. The panel, headed by former Central Board of Direct Taxes (CBDT) chairman N Rangachary,...
  • 2G case: Central Board of Direct Taxes briefs JPC July 18, 2012

    New Delhi: Top officials of Central Board of Direct Taxes (CBDT) on Wednesday briefed the Joint Parliamentary Committee (JPC) examining the 2G spectrum allocation scam. Sources said that the CBDT raised doubts over the source of funds of Kalaignar TV in the 2G payment case. The CBDT reportedly told the JPC...
  • I-T may get to re-open returns beyond 6 years February 20, 2012

    New Delhi: Government may grant the Income Tax department powers to re-open tax returns of beyond six years in specific cases of black money where "foreign assets" are involved. The I-T department needs these powers to pursue the ongoing cases where funds were found to be stashed abroad and these came...
  • CBDT to probe who leaked Ponty Chadha raids info February 16, 2012

    New Delhi: The Central Board for Direct Taxes (CBDT) will investigate how information on the Income Tax department's raids on liquor baron Gurpreet Chadha alias Ponty Chadha was leaked earlier this month. The CBDT said that it was confirmed that 100 crore rupees were in Chadha's locker but when the I-T...
  • Wary about secret bank accouts, IT asks for oath January 8, 2012

    New Delhi: In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the CBDT has ordered the IT department to obtain a signed undertaking from any government entity or department who demands the data for their own probe. The...
  • Pranab holds review meeting on revenue collection January 6, 2012

    Chennai: Finance Minister Pranab Mukherjee on Friday held discussions on ways to step up revenue collection for 2011-12 with top officials of Central Board of Excise and Customs (CBEC) and Central Board of Direct Taxes (CBDT). The meeting discussed steps for augmentation for revenue in the remaining part of the financial...
  • Govt to introduce new PAN form for NRIs November 1, 2011

    New Delhi: The Income Tax Department will introduce a separate permanent account number(PAN)application form for non-residents in which NRIs, PIOs and entities having interest in India will have to provide additional information to the Central Board of Direct Taxes (CBDT). The new form - 49AA - will help the department gather...
  • CBDT to probe ex-CJI Balakrishnan's assets June 22, 2011

    New Delhi: Former Chief Justice of India KG Balakrishnan is in trouble after the Central Board of Direct Taxes (CBDT) decided to investigate charges of financial misconduct by him. If financial misconduct is proven then the matter will be forwarded to the President for sanction to prosecute Balakrishnan, who is...
  • CBDT gets nod to tap phones of tax evaders June 1, 2011

    New Delhi: In the clash of the titans at North Block, Pranab Mukherjee has finally had his way - phone tapping for unearthing tax evaders - this despite objections from the Home Ministry and the Cabinet Secretariat. Post the Nira Radia phone taps by the income tax department, the Cabinet Secretariat...
  • CBDT to continue to enjoy phone tapping power May 22, 2011

    New Delhi: The Central Board of Direct Taxes (CBDT) will continue to enjoy the power of telephone tapping despite a strong recommendation by a Committee of Secretaries against it following a controversy in the wake of the Niira Radia episode. "The CBDT will continue to have the power of phone tapping...
  • Phone tapping norms set to become tougher March 3, 2011

    New Delhi: Phone tapping norms are set to become tougher. A committee led by Cabinet Secretary KM Chandrasekhar has said the Central Board Direct Taxes and the Income Tax Department should not be allowed to seek phone taps, sources have told CNN-IBN. The committee has also recommended that the the finance...
  • CBDT probing Radia tapes: Chidambaram November 30, 2010

    New Delhi: Home Minister P Chidambaram on Tuesday said that the Central Board of Direct Taxes (CBDT) is inquiring into alleged leak of tapes of telephone conversations between corporate lobbyist Nira Radia and politicians, journalists and industrialists. "We have not ordered an inquiry.The CBDT is inquiring into the matter...It was...
  • Centre orders probe into Radia tapes leak November 30, 2010

    New Delhi: Union Government on Monday ordered an enquiry into the Nira Radia tapes. Intelligence Bureau and Central Board of Direct Taxes have been asked to find out who leaked the taped phone conversation of corporate lobbyist Radia with journalists, business leaders, politicians and bureaucrats. Sources have told CNN-IBN that Union...
  • Low tax rate boosts economy: CBDT chief June 19, 2010

    The Direct Taxes Code Bill is slated to be tabled in the forthcoming monsoon session of Parliament. Central Board of Direct Taxes Chairman SSN Moorthy told CNBC-TV18 about its impact. "We are yet to work out the modalities. The rate is a subject which is decided by the legislature. So I...