New Delhi: The Income Tax department has detected alleged tax evasion to the tune of Rs 7 crore in the business transactions of Purti group of companies related to former BJP President Nitin Gadkari.
Probing the alleged dubious transactions of the Purti Power and Sugar Limited (PPSL) since 2012, the department has completed assessments pertaining to the last two financial years and has found evasion to the tune of more than Rs 7 crore, top official sources said.
The Purti group, in its reaction, said it has not received any notice in this regard. A notice is not any indicator of any wrongdoing, it said, adding that Gadkari was not associated with the Purti group for the last two years.
"Our attention has been drawn to reports in a section of media that the Income Tax department is serving a tax assessment notice to the Purti Group for the last two assessment years. We would like to make it clear that neither the Purti group nor any functionary of the Purti group has received any notice so far," Nitin Kulkarni, PRO of Purti Group said in a statement....
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10:27 AM, May 05, 2013
Television doyenne and film producer Ekta Kapoor's residence and office were raided by team of about 100 Income Tax officials in Mumbai. ...
04:12 PM, May 01, 2013
Mumbai: Income Tax officials are conducting raids at Ekta Kapoor's Balaji Telefilms office in Mumbai. The raids are also being conducted at producer Ekta Kapoor's residence as well as her father Jeetendra and brother Tushaar Kapoor residences. Tax evasion by the production house is the reason suspected behind the search and seizure operation of the the I-T wing. Around 100 officials of the Income Tax Department carried out search operations...
10:34 AM, Apr 30, 2013
The Income Tax department conducted raids at the Leopold Cafe in Mumbai on Monday night. Tax sleuths started their inspection around 6 pm in the evening and continued through the night. ...
09:20 AM, Feb 19, 2013
Troubled Bharatiya Janata Party (BJP) President Nitin Gadkari on Tuesday reacted to the Income Tax Department surveys on Purti group investors and accused the Centre of ordering I-T surveys to damage his presidential prospects. ...
04:46 PM, Jan 22, 2013
There seems to be fresh trouble for Nitin Gadkari who is set to be re-elected as the Bharatiya Janata Party President on Wednesday. The Mumbai I-T wing is surveying seven companies found to have been routing money into Gadkari's Purti Group after allegations against the companies surfaced in the Nagpur wing's probe. ...
01:13 PM, Jan 22, 2013
New Delhi: The Income Tax department has been trying to establish links between liquor baron Ponty Chadha and Uttar Pradesh's Orai-based mining mafia head Sukhdev Singh. Recently, Rs 1.5 crore were recovered from Sukhdev's office in raids conducted by the IT department. The I-T department also raided liquor baron Ponty Chadha's premises across Delhi and UP. Jewellery worth Rs 4 crore and Rs 50 lakh cash was seized. I-T officials...
07:52 AM, Feb 04, 2012
Jaipur: Income Tax department conducted raids at 14 premises and surveys at six places belonging to private doctors here for suspected tax evasion, officials said on Thursday. The raids launched on Wednesday were being carried out till late last night and are likely to end on Thursday, they said. The raids and surveys were carried out at private hospitals, homes and offices of nine doctors in Lal Kothi, Malviya Nagar,...
11:36 AM, Jun 09, 2011
Mumbai: Priyanka Chopra's chartered accountant has denied rumours that Income Tax officials found unaccounted assets worth Rs.6 crore after their raid at the Bollywood actress' residence Monday. The cash found was less than Rs.50,000, according to the accountant. "Contrary to media reports, the total cash found by authorities was less than Rs.50,000 which was duly accounted in the books. All properties purchased by Ms.Chopra and her immediate family members have...
12:56 PM, Jan 29, 2011
New Delhi: Income Tax sources told CNN-IBN that Rs 12 crore have been seized in raids on Bollywodd actresses Priyanka Chopra and Katrina Kaif. I-T officials raided the office and residence of the two actresses on Monday. Priyanka's home in Versova, Andheri West, was raided. Also raided were the homes of their secretaries, their respective office premises and other locations, the official said. Sources said that others stars in the...
03:20 PM, Jan 28, 2011
Mumbai: Income Tax department on Monday raided residences and offices of Bollywood actors Katrina Kaif and Priyanka Chopra for suspected tax evasion on income accruing from advertisements, foreign assignments and guest appearances. The raids began at 7.30 am and went on till late evening, an I-T official said, adding the exercise would continue on Tuesday. "We suspect tax evasion on brand endorsements, offshore assignments and private appearances," the official said....
11:25 AM, Jan 24, 2011
A day after Nashik onion traders went on strike, Delhi's onion traders also went on strike following I-T raids. ...
05:07 PM, Jan 11, 2011
New Delhi: Nashik onion traders on Monday decided not to purchase onions for two days from the Agricultural Produce Market Committees, following the nationwide income tax raids on onion traders. They, however, later withdrew their strike following assurances from the state government. Traders were protesting against the Maharashtra government's directive of selling onions at not more than Rs 40 per kg. The decision to go on a strike was taken...
10:22 AM, Jan 10, 2011
New Delhi: Income Tax officials raided the offices of Shiv Naresh Sports Pvt Ltd and Satya Prakash Construction in connection with allegations of corruption in Commonwealth Games. The nation-wide raids on premises of the contractors began early on Thursday morning. The raids were carried out across the national capital region and Delhi. Raids are also being in Kolkata, Mumbai and Bangalore. Over 50 teams of Income Tax are involved in...
12:03 PM, Oct 28, 2010
Or should the cricket continue irrespective of the can of worms?
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Enforcement agencies have now zeroed in on a number of Hyderabad based IT companies involved in Hasan Ali's money laundering. ...
07:12 PM, Mar 26, 2007
Hasan Ali's trail has led to fly-by-night IT companies and an artificial boom in Hyderabad's real estate. ...
09:58 PM, Mar 22, 2007
