Mumbai: Lilavati Hospital, one of Mumbai's most famous landmarks, was raided by the Income Tax Department in April this year, after CNN-IBN exposed that four trustees of the hospital, who control the finances, are involved in large-scale money laundering and siphoning off money from the hospital. The trustees also figured in the list of Indians with black money accounts in Liechtenstein's LGT Bank. Now, CNN-IBN has learnt that the Income...
09:58 PM, Jul 25, 2011
Hyderabad: After coming under the Income Tax Department scanner over the dubious manner in which he amassed wealth, YSR Congress president and MP-elect YS Jaganmohan Reddy will now face a tougher probe by the CBI on the same charges, based on a directive from Andhra Pradesh High Court. The High Court, which treated a letter written by senior Congress MLA and current minister P Shankar Rao as a writ petition,...
11:59 PM, Jul 12, 2011
New Delhi: The Supreme Court will take up on Tuesday Tata Group Chairman Ratan Tata's plea on the right to privacy after the leakage of his telephonic conversations with corporate lobbyist Niira Radia tapped by the Income Tax Department. A bench headed by Justices GS Singhvi will examine the issues raised by Tata, including the questions of right to privacy and right to freedom of speech and expression as envisaged...
09:14 PM, Jul 11, 2011
New Delhi: The Finance Ministry is bringing under one umbrella the intelligence and criminal investigation units of the Income Tax department to enhance prosecution powers to counter terror financing and check transactions that pose threat to national security. The department will now train and designate its officials in the rank of Inspectors as 'Special Agents' and 'Agents' (Criminal Investigation) while the newly-created Directorate of Criminal Investigation will be headed by...
03:26 PM, Jun 08, 2011
New Delhi: The Supreme Court on Monday pulled up the Income Tax department for not taking timely action against the companies involved in the 2G spectrum scam and said had it not intervened, the officials would have "slept over it" and the oversees probe would not have proceeded. The court said despite the department coming to know about tax evasion cases in 2008, it started taking action only after March...
03:14 PM, May 16, 2011
Chennai: DMK MP Kanhimozi, an accused in the 2G scam, was on Thursday questioned by the Income Tax dept in Chennai. Kanimozhi and Kalaignar TV MD Sharad Kumar were summoned for clarification on the Rs 200 crore transfer to Kalaignar TV, said the I-T sources. Though Kanimozhi and Sharad Kumar had the option to send an authorised person, they chose to appear in person before Deputy Director, Investigations, I-T. The...
02:27 PM, May 12, 2011
Thiruvananthapuram: Former Chief Justic of India KG Balakrishnan does a U-turn on disclosing his assets. Justic Balakrishnan has informed the Inecome Tax Department that he does not want to disclose his assets because it is not related to public welfare in any way. Under intense pressure, former CJI and the current NHRC chief had early this month agreed to publicise details of his assets. The ex-CJI has faced allegations that...
01:41 PM, Apr 18, 2011
Thiruvananthapuram: Under intense pressure, former Chief Justice of India (CJI) and the current NHRC chief Justice KG Balakrishnan has agreed to publicise details of his assets. He had earlier asked the Income Tax Department not to reveal details of his assets. The ex-CJI has faced allegations that he has wealth that is disproportionate to his known sources of income. His relatives, including his son-in-law and brother, are facing investigations. Justice...
03:43 PM, Apr 05, 2011
The ex-CJI has faced allegations that he has wealth that is disproportionate to his known sources of income. ...
03:27 PM, Apr 05, 2011
Kolkata: The investigation department of Income Tax has seized Rs 4.58 crore illicit cash in the last three to four days as a result of the guidelines issued by the Election Commission (EC) to crackdown on unaccounted cash in the run up to the polls in the state. Director General Income Tax investigation-east T Rozara said that the Rs 4.58 crore of illicit cash had been already seized from the...
05:09 PM, Mar 25, 2011
New Delhi: The Supreme Court on Monday granted three days of additional custodial interrogation to the Enforcement Directorate (ED) of Pune stud farm owner Hasan Ali Khan allegedly involved in money laundering activities. At an extraordinary hearing held at the residence of Justice Aftab Alam, the apex court extended Ali's custody with ED till March 25. Justice R M Lodha also participated in the special hearing which was held at...
09:45 PM, Mar 21, 2011
Mumbai: Pune stud farm owner Hasan Ali Khan, accused of stashing away huge amount of black money in banks abroad, surrendered before the Enforcement Directorate (ED) on Thursday night after the Supreme Court cancelled his bail and remanded him to four days ED custody. "I respect the Supreme Court's order," said Ali while entering the premises of the ED in south Mumbai. The apex court remanded Khan in the custody...
10:49 PM, Mar 17, 2011
Hyderabad: The Income Tax Department has slapped showcause and demand notices to the tune of Rs 122 crore on former Congress MP Y S Jagan Mohan Reddy-owned Jagathi Publications (JPPL) for mismatching amounts reported in company records. The notice assumes significance as Jagan Reddy announced a new party, the YSR Congress Party, just two days ago. When contacted, sources close to the Income tax Department confirmed the issuance of a...
02:29 PM, Mar 15, 2011
Chennai: About Rs 15 crore of unaccounted cash has been seized by the Income Tax department in different places in the run up to the April 13 assembly polls in Tamil Nadu, a top Electoral official said on Saturday. "About Rs 15 crore of unaccounted cash has been seized overall in Madurai alone, we have seized about Rs 3.5 crore of unaccounted cash", Chief Electoral Officer Praveen Kumar told reporters...
11:59 AM, Mar 13, 2011
New Delhi: Kashinath Tapuriah - once he was just known as late Priyamvada Birla's brother. Today, he is accused by the Enforcement Directorate to be the main associate of Hasan Ali Khan, the man allegedly responsible for India's biggest ever case of money laundering and black money accounts in tax havens. He was raided by the ED on Monday in Kolkata, after CNN-IBN exposed documents of bank transactions connecting him ...
06:40 PM, Mar 07, 2011
New Delhi: The black money case has brought the focus back on Hasan Ali, a man known as the king of money launderers in India. Ali is under investigation by the Income Tax Department for laundering upto Rs 40,000 crore. CNN IBN unravels Hasan Ali's money trail, which is allegedly in bank accounts spanning from Switzerland to New York to Singapore and Dubai. Hasan Ali Khan - frequently seen on...
10:45 PM, Mar 03, 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 ministry must first clear requests by the Enforcement Directorate (ED) and the Directorate of Revenue Intelligence (DRI) for phone...
05:22 PM, Mar 03, 2011
Mumbai: The Income Tax Department on Friday imposed a huge penalty of Rs 40,000 crore on businessman Hasan Ali Khan, a 56-year-old alleged stud-farm owner and one of the main accused in the multi-million dollar tax evasion and money laundering case. Hasan Ali on Friday presented himself before the Income Tax Department in Mumbai, after summon was issued to Hasan Ali by the Tax Department in connection with penalty proceedings...
06:45 PM, Feb 18, 2011
Patna: Money power and Bihar elections usually go hand in hand. Perhaps not this time. The Election Commission has roped in the Income Tax department in its crackdown on candidates who flout the norms. No wonder several candidates are facing the heat as this new system is being implemented. Hence, like many, independent candidate Daddan Pahalwan is a troubled man in this regard. The income tax notice wants him to...
08:57 AM, Oct 05, 2010
BJP is aware that an impartial probe could singe both camps. ...
09:58 PM, Nov 16, 2009
