Income Tax Department

  • 1.68 crore cash, gold seized on poll day 18-04-2014 08:43 AM

    Raids at different places in Jharkhand on Thursday led to seizure of about Rs 1.68 crore cash, gold and silver on poll day. The seizure was made at Hazaribagh, Ranchi, Koderma, Ramgarh, Bokaro and Dhanbad, according to a release issued by the Election Commission. A total of 9.98 gram gold...
  • Rs 38 lakh seized from two vehicles in election related checking 15-04-2014 02:50 PM

    A sum of Rs 38 lakh was on Tuesday seized from two vehicles during election related checking at Anjanpir in Vaishali district, police said. Rs 30 lakh were seized from a SUV and Rs 8 lakh from another car when they were stopped at a police checkpoint for election related...
  • Police catch two people carrying Rs 6.36 lakh, cash seized 12-04-2014 09:32 AM

    During checking for unaccounted cash for use in poll, police on Friday caught two persons carrying Rs 6.36 lakh at Maithi toll plaza in Muzaffarpur district. During routine checking of vehicles, the police found Rs 6.36 lakh in a car coming from Darbhanga to Muzaffarpur, police said. When queried about...
  • Rajasthan's Income Tax Department breaks seizure records in 2013-14 10-04-2014 11:06 PM

    In its searches operations, the Investigation wing of Rajasthan Income Tax Department found undisclosed income to the tune of Rs 603.61 crore as admitted by the assesses and total assets of Rs 44.27 crore were seized in 2013-14. The performance of the Investigation wing of the I-T Department, Rajasthan improved...
  • In drive against black money, I-T seizes Rs 41.50 lakh unaccounted cash 05-04-2014 12:18 AM

    The Income Tax department in Bihar has seized Rs 41.50 lakh as a part of its drive against black money and unaccounted flow of cash in the Lok Sabha polls. Besides, challans of Rs 9.80 lakh have also been seized till date by the department, I-T DG, Bihar and Jharkhand,...
  • IT arrests, seizes Rs 43 lakh in cash from man at Shahpura 01-04-2014 11:30 PM

    Sleuths of Income Tax department on Tuesday arrested a youth and seized Rs 43 lakh in cash from him at Shahpura near Jaipur, an official said. Mahendra Singh, a resident of Jhunjhunu, who did not disclose any information about the huge cash amount and its owner, was being interrogated, he...
  • BJP leader Ganesh Malviya, I-T officer, others get bail in bribery case 01-04-2014 05:40 PM

    A local court in Bhopal on Tuesdaygranted bail to Deputy Commissioner of Income Tax Department Poonam Rai, her husband and BJP leader Ganesh Malviya and two others arrested on Friday by CBI for allegedly accepting a bribe of Rs 10 lakh from a builder. Special Additional District Judge (ADJ) Manoj...
  • Income Tax department to keep watch over use of black money in LS polls 13-03-2014 03:02 PM

    Income Tax department will depute 65 officers and 130 inspectors to keep a tab over use of illegal cash and valuables in Lok Sabha elections in Bihar and Jharkhand, a senior IT official said on Thursday. "Besides, control rooms have been set up in Patna and Ranchi with toll free...
  • IT raids on three business houses, recovers Rs 60 crore of undisclosed income 01-03-2014 08:49 AM

    Income Tax department has recovered Rs 60 crore of undisclosed income from three business houses following a raid at 35 places in the state, sources said. The three business houses, two of them engaged in real estate, have surrendered Rs 60 crore of undisclosed income after a search and seizure...
  • Coalgate: I-T department initiates proceedings against Aditya Birla group 13-02-2014 07:13 PM

    New Delhi: The Income Tax department (I-T) on Thursday initiated proceedings against Aditya Birla Group in coal blocks allocation case. Seeking information on coal block allocation to Hindalco, the I-T department also sought Supreme Court's permission to inspect the company's documents in the coal blocks allocation case which is now...
  • HC rejects Anil Bastawade's bail plea in multi-crore money laundering case 11-02-2014 07:54 AM

    Jharkhand High Court on Monday rejected the bail petition of Anil Bastawade, an alleged aide of former Chief Minister Madhu Koda, who is an accused in a multi-crore money laundering scam. The Bench of Justice HC Mishra dismissed the petition, saying granting bail could influence the investigation of the case....
  • I-T dept seeks details of political parties for MP polls 15-09-2013 03:03 PM

    Political parties in Madhya Pradesh contesting the Assembly elections will have to submit details of their expenses before the polls. Assembly elections in the state are slated to be held around year end. According to official information, the Income Tax Department has asked for a list of political parties that...
  • MP CM's poll campaign financed by mining baron, says I-T report 29-07-2013 08:05 AM

    Bhopal: The Shivraj Singh Chouhan government in Madhya Pradesh is battling a fresh crisis after key Income Tax documents revealed that his last election campaign named operation 'Vijay' was financed by mining baron Sudhir Sharma. Mining baron Sudhir Sharma was a college lecturer until 2005. Sharma was raided by the...
  • High Court notice to Purti group firm on I-T plea in tax case 13-07-2013 04:09 PM

    Nagpur: The Nagpur Bench of the Bombay High Court on Saturday issued a notice to a sugar firm linked to BJP leader Nitin Gadkari-founded Purti Group. The notice was served after an Income-Tax Department appealed in a case of submission of alleged incorrect financial details. A Division Bench comprising Justices...
  • People spending beyond capacity for RTI info will be referred to I-T dept: Goa CM 06-07-2013 01:07 PM

    Panaji: In a veiled warning to RTI activists in Goa, Chief Minister Manohar Parrikar has said that cases where people are found spending money disproportionate to their known sources of earning, to procure information under the Act, shall be referred to Income Tax department. "If anyone spends lakhs of rupees...
  • I-T notice to BJP's Gopinath Munde on Rs 8 crore poll expense remark 03-07-2013 03:18 PM

    Mumbai: The Income Tax department has issued a notice to Bharatiya Janata Party leader Gopinath Munde on his Rs 8 crore poll spending remark. Munde had last week remarked that he spent Rs 8 crore on his last Lok Sabha campaign. Munde was served a showcause notice on June 29...
  • Hawala money haul: Four trucks raided at Mumbai Central Station 02-07-2013 10:43 AM

    Mumbai: Raids were carried out in Mumbai in what appears to be a massive hawala transaction. In a joint operation, the NIA and the I-T department raided four trucks at the Mumbai Central station on Monday evening. These four trucks were reportedly carrying boxes with valuables. Each of the trucks...
  • I-T dept issues notices to ICICI, Axis, HDFC banks 28-05-2013 09:59 PM

    New Delhi: Income Tax department has issued notices to three top private lenders in the country - ICICI Bank, Axis Bank and HDFC Bank - in connection with alleged money laundering charges levelled by online portal Cobrapost. The department has asked these banks to produce documents for verification as part...
  • IPL spot-fixing: I-T begins probe in hawala transactions 22-05-2013 07:29 PM

    New Delhi: In more trouble for the arrested cricketers and bookies in the IPL spot-fixing scandal, the Income Tax department has begun a probe into alleged hawala and illegal cash transactions and will question them. The I-T department has got in touch with the investigators of the Delhi police and...
  • Infosys to challenge new tax demand of $ 105.3 million 20-05-2013 10:30 AM

    Bangalore: Infosys Ltd, India's No 2 software services exporter, said on Monday it would challenge a $ 5.77 billion income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from...
  • I-T Dept slaps Rs 582 cr tax demand notice on Infosys 19-05-2013 12:28 PM

    New Delhi: Income Tax department has slapped a fresh $ 106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based software services exporter is already contesting additional income tax demands of $ 214...
  • Chidambaram to meet top I-T brass later in May 19-05-2013 09:55 AM

    New Delhi: Finance Minister P Chidambaram will inaugurate a two-day conference of top Income Tax department and CBDT officers later this month in the national capital and discuss efforts to maximise revenue collection. The annual conference of Chief Commissioners and Directors General of the I-T department will be held on...
  • Balaji Telefilms tax case: Company to pay arrears 03-05-2013 05:31 PM

    Mumbai: Balaji Telefilms on Friday agreed to pay arrears and a fine for not having paid their taxes, sources said. The Income Tax Department probe had found that the production house had defaulted on taxes up to Rs 30 crore. The I-T Department also finished questioning the company's promoters -...
  • Former Jharkhand CM fails to produce bail documents 18-04-2013 02:07 AM

    Ranchi: Former Jharkhand Chief Minister Madhu Koda, who got a three-week provisional bail from Jharkhand High Court, could not go home on Wednesday following his failure to produce bail documents to the jail authorities. "We don't have any document of his bail in any of the cases against him (Koda)....
  • BJP denies I-T summons to Nitin Gadkari 13-01-2013 01:23 PM

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