New Delhi: Gujarat Chief Minister Narendra Modi on Saturday protested with the Prime Minister over the notice from Income Tax Department to the state government over MoUs signed during the Vibrant Gujarat Summit. The notice had sought details of all such MoUs signed during the Summit in January, where companies had pledged investments of over Rs 1,000 crore. The Gujarat government in it's statement termed the notice as totally unfair...
07:26 PM, Mar 26, 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
Ashok Deshbhratar has been suspended for allegedly recording Ali's interrogation on spy cam. ...
02:59 PM, Mar 22, 2011
Mumbai: The Maharashtra Home Minister RR Patil on Tuesday, confirmed that top cop Ashok Deshbhratar has been suspended in connection with the Hasan Ali probe. Patil informed the House that Deshbhratar asked for Rs 1 crore from Ali's associate Yusuf Lakdawala to provide proper facilities to Ali, while he was in police custody. The senior IPS officer allegedly carried out a "sting operation" on Hasan Ali Khan. The alleged suspension...
02:12 PM, Mar 22, 2011
Guwahati: The Income Tax department has seized Rs 1 crore in cash, Rs 2 crore in gold and some silver in Assam following guidelines issued by the Election Commission to crackdown on unaccounted cash in the run up to the polls in the state. The department also received information of cash being carried by air which was forwarded to other directorates outside the region leading to seizure of Rs 50...
01:45 PM, Mar 22, 2011
Hyderabad: The Income Tax Department has issued a notice to Mahindra Satyam, the new brand identity of Satyam Computer Services Ltd, to pay Rs 616.53 crore in taxes, the company said in a stock exchange filing on Tuesday. The company said the Central Board of Direct Taxes, under Section 119 of the Income Tax Act, 1961, rejected various petitions filed by the company seeking reliefs for reopening of past assessments...
11:31 AM, Mar 22, 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: The Enforcement Directorate on Friday questioned senior executives of business and banking firms in connection with its probe against Pune-based stud farm owner Hassan Ali Khan who has been arrested for alleged charges of money laundering. The ED will also question Khan, facing close to Rs 70,000 crore tax demand notice from the Income-Tax Department, with regard to his past trips to various countries and his business dealings within...
08:25 PM, Mar 18, 2011
New Delhi: The Supreme Court on Friday asked the Centre to consider setting up a Special Investigation Team (SIT) to probe the black money stashed by Indians abroad. A bench headed by Justice B Sudershan Reddy said the issue is not related to one case but is much wider and asked the government to consider setting up an SIT comprising officers from different departments including the Enforcement Directorate, the Central...
01:11 PM, Mar 18, 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
Ahmedabad: The Income Tax Department has issued a showcause notice to the Gujarat government seeking details of all MoUs worth over Rs 1000 crore that have been signed by the state government with different companies. The notice comes just three days after Gujarat signed four MoUs with a Canadian provincial government. The Income Tax department will scrutinise into around 8,000 MoUs signed by several investors and the state government at...
04:11 PM, Mar 15, 2011
New Delhi: A strong demand was made in Lok Sabha on Tuesday, for pushing with greater zeal the probe against suspected economic offender Hasan Ali, with a member questioning if there was "political pressure" on investigating agencies to go soft on him. The issue was raised by CPI leader Gurudas Dasgupta, who said credibility of investigating agencies like the Enforcement Directorate (ED) had come under a cloud after Ali was...
03:35 PM, Mar 15, 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: The Enforcement Directorate has sought a 14-day remand for India's biggest tax evader Hasan Ali Khan after he was taken into custody on Tuesday. CNN-IBN accessed the 8-page remand copy that says that statements of Hasan Ali, his former aide Kashinath Tapuriah and Phillip Anand Raj have been recorded. The ED alleges that Khan has not been cooperating with the investigations. It also alleges that Khan is associated...
07:25 AM, Mar 09, 2011
New Delhi: India's top tax evader Hasan Ali has been arrested by the Enforcement Directorate late on Monday night after being questioned for over six hours. Ali was rushed to JJ Hospital after he complained of high blood pressure and kidney trouble on Tuesday. He will be produced in court on Tuesday. Ali is one of the main accused in a money laundering and tax evasion case. He reportedly has...
07:24 AM, Mar 08, 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 income tax department has issued a show cause notice to tax defaulter Hasan Ali, on non-payment of Rs 40,000 crore worth of tax dues. He has been given 15 days to reply. He has a bank account with Union Bank of Switzerland (UBS) in Zurich which has $8 billion stashed away. Ali has four other accounts in the same bank. Apart from that, he has another bank...
09:07 PM, Mar 04, 2011
New Delhi: The Income Tax department issued a showcause notice to India's biggest tax defaulter Hasan Ali for non payment of penalties worth 40,000 crore on Friday - just a day after the Supreme court pulled up the government for inaction. The Income Tax tribunal issued a showcause notice Hasan Ali asking why proceedings should not be initiated against him. He has been asked to reply to the notice within...
11:05 AM, Mar 04, 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
