Income Tax Department

  • I am being subjected to media trial, says Virbhadra Singh 5 days ago

    Shimla: Himachal Pradesh Chief Minister Virbhadra Singh on Saturday alleged that he and his family members are being subjected to a "malicious media trial" through "false" and "baseless" stories about their income tax matters. "It appears that some vested interests and political opponents are running biased personal investigations into the...
  • Delhi HC asks CBI to file report on graft allegations against Himachal Pradesh CM Virbhadra Singh August 20, 2014

    New Delhi: The Delhi High Court on Wednesday asked CBI to file a report giving details of probe and its status in a preliminary enquiry alleging Himachal Pradesh Chief Minister Virbhadra Singh, during his earlier tenure as CM and Union Minister, indulged in graft, money laundering and forgery. "The CBI is...
  • Rs 40 lakh cash seized from Bolero in poll-bound Begusarai April 29, 2014

    As part of intensive campaign against use of black money in elections, police on Monday seized Rs 40 lakh from a Bolero in Begusarai district. The seizure was made during search of Bolero in Sahebpur Kamal police station area of the district, Superintendent of Police, Harpreet Kaur said. The unaccounted cash...
  • 1.68 crore cash, gold seized on poll day April 18, 2014

    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 and 18...
  • Rs 38 lakh seized from two vehicles in election related checking April 15, 2014

    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 checking...
  • Police catch two people carrying Rs 6.36 lakh, cash seized April 12, 2014

    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 the cash,...
  • Rajasthan's Income Tax Department breaks seizure records in 2013-14 April 10, 2014

    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 substantially...
  • In drive against black money, I-T seizes Rs 41.50 lakh unaccounted cash April 5, 2014

    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, Ujjwal...
  • IT arrests, seizes Rs 43 lakh in cash from man at Shahpura April 1, 2014

    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 said. The...
  • BJP leader Ganesh Malviya, I-T officer, others get bail in bribery case April 1, 2014

    A local court in Bhopal on Tuesday granted 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 Kumar...
  • Income Tax department to keep watch over use of black money in LS polls March 13, 2014

    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 numbers...
  • IT raids on three business houses, recovers Rs 60 crore of undisclosed income March 1, 2014

    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 operation...
  • Coalgate: I-T department initiates proceedings against Aditya Birla group February 13, 2014

    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 February 11, 2014

    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. Bastawade...
  • I-T dept seeks details of political parties for MP polls September 15, 2013

    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 will...
  • MP CM's poll campaign financed by mining baron, says I-T report July 29, 2013

    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 July 13, 2013

    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 July 6, 2013

    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 to...
  • I-T notice to BJP's Gopinath Munde on Rs 8 crore poll expense remark July 3, 2013

    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...
  • Hawala money haul: Four trucks raided at Mumbai Central Station July 2, 2013

    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 May 28, 2013

    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 of...
  • IPL spot-fixing: I-T begins probe in hawala transactions May 22, 2013

    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 May 20, 2013

    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 special...
  • I-T Dept slaps Rs 582 cr tax demand notice on Infosys May 20, 2013

    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 million...
  • Chidambaram to meet top I-T brass later in May May 19, 2013

    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 May 3, 2013

    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 - actor Jitendra,...
  • Former Jharkhand CM fails to produce bail documents April 18, 2013

    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)....
  • I-T probes source of wedding extravaganza by NCP minister February 19, 2013

    Mumbai: The Income Tax officials have begun conducting inquiries and raids into a multi-crore wedding extravaganza organised by Maharashtra Nationalist Congress Party (NCP) minister Bhaskar Jadhav for this son and daughter last week in Ratnagiri. The action by the Income Tax department has come after Jadhav was pulled up by his...
  • Judge refuses to hear Purti case involving Gadkari February 14, 2013

    Mumbai: The Bombay High Court judge who was handling the Purti case against former BJP president Nitin Gadkari has stepped down and refused to hear the matter anymore. The case will now be transferred to a new bench. The CBI is probing allegations of dubious funding of Gadkari's firm, Purti Group....
  • I-T officers' body demands apology from Nitin Gadkari January 27, 2013

    New Delhi: Income Tax officers' body has demanded an apology from former Bharatiya Janata Party president Nitin Gadkari for his alleged threat to its officials claiming that the remarks aimed at hindering a fair and free into Purti Group investments. It also sought security for the officials handling the investigation....