INCOME TAX DEPARTMENT

  • Crorepati engineer: Time to unearth black money at home? December 1, 2014

    The Income Tax department has recovered diamonds worth Rs 100 crore, 2 kilos of gold and Rs 10 crore in cash from the residence of tainted Noida chief engineer Yadav Singh. ...
  • After recovering diamonds worth Rs 100 crore, Rs 10 crore cash, I-T department to probe UP chief engineer's bank lockers December 1, 2014

    New Delhi: The Income Tax department will open bank lockers of Uttar Pradesh Chief Engineer Yadav Singh in at least 12 banks located in Noida, Delhi and Ghaziabad on Monday, said sources. The I-T department had recovered diamonds worth Rs 100 crore, Rs 10 crore in cash and around 2...
  • Noida engineer to be sacked after I-T sleuths recover valuables worth Rs 100 crore November 29, 2014

    Noida: The Uttar Pradesh government is in the process of suspending Noida engineer Yadav Singh after Income Tax department sleuths recovered diamonds worth Rs 100 crore, 2 kilos of gold and Rs 10 crore in cash from his residence. Raids were carried out at two dozen locations in NCR simultaneously. It...
  • AG Mukul Rohatgi asks Income Tax department to not appeal ruling in Vodafone tax case November 27, 2014

    Mumbai: The attorney general has recommended the government refrain from appealing a Bombay High Court ruling in favour of Vodafone Group Plc in a long-running tax dispute, a person directly involved in the matter said. Vodafone, the biggest foreign corporate investor in India, has been involved in a series of tax...
  • I-T seizes over Rs 135 crore cash, jewellery from Sahara group November 24, 2014

    New Delhi: The Income Tax department has claimed to have seized cash of over Rs 135 crore from the premises of Sahara group during its raids on its two premises in Delhi and Noida in connection with alleged tax evasion charges. Sources said that the department made one of its...
  • IT to begin probe against 90 from Mumbai in blackmoney case October 29, 2014

    Mumbai: Mumbai Income Tax authorities will soon initiate the process of ascertaining if there was any "criminality" involved in the accounts of 90 individuals from the city whose names figure in the list of 627 Indians submitted by the Centre to the Supreme Court in the blackmoney case. Sources in...
  • Income Tax department launches secure email system for staff to curb frauds October 12, 2014

    New Delhi: To curb misuse of official cyber tools and attempts of phishing, the Income Tax department has rolled out a secure email system for all its employees and officers. The department, official sources said, has recently discontinued its existing email systems (called Lotus mail and IMail) and has issued...
  • Bombay HC gives time to IT Department to engage senior counsel in PIL September 10, 2014

    Mumbai: The Bombay High Court on Wednesday granted three weeks' time to the Income Tax Department to engage a senior advocate for representing it in a public interest litigation regarding Godzari irrigation project in Kolhapur. The division bench headed by Justice PV Hardas was hearing a...
  • I am being subjected to media trial, says Virbhadra Singh August 23, 2014

    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 pollbound 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: IT department initiates proceedings against Aditya Birla group February 13, 2014

    New Delhi: The Income Tax department (IT) on Thursday initiated proceedings against Aditya Birla Group in coal blocks allocation case. Seeking information on coal block allocation to Hindalco, the IT 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 multicrore 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 multicrore 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 IT 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 IT 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 Gadkarifounded Purti Group. The notice was served after an IncomeTax 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 IT 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...
  • IT 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 IT 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...
  • IT 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 spotfixing: IT begins probe in hawala transactions May 22, 2013

    New Delhi: In more trouble for the arrested cricketers and bookies in the IPL spotfixing scandal, the Income Tax department has begun a probe into alleged hawala and illegal cash transactions and will question them. The IT department has got in touch with the investigators of the Delhi police and...