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
Vijay Mallya-owned Kingfisher Airlines on January 16 approached the Supreme Court challenging the Karnataka High Court's order directing it to deposit around 185 crores with the Income Tax Department as tax deducted at source (TDS) from its employees' wages. ...
05:53 PM, Jan 16, 2013
The Bharatiya Janata Party on Sunday denied reports of Income Tax summons to party president Nitin Gadkari and alleged that it was a plot to malign his image. The report was also denied by Gadkari who said he hasn't received any notice from the I-T department. ...
01:23 PM, Jan 13, 2013
The Income Tax department on Saturday issued summons to BJP chief Nitin Gadkari in connection with alleged tax evasion. The summons were for Gadkari and some associated companies. Top sources in the department said Gadkari has been asked for his personal appearance so that he can be confronted with the documents and probe conducted by the I-T in this regard in the last few months. ...
09:59 PM, Jan 12, 2013
A day after the Supreme Court asked actor Amitabh Bachchan to respond to a petition from the Income Tax department, the actor said on Wednesday that he is ready to pay the taxes due. ...
10:13 AM, Jan 09, 2013
The Income Tax department officials on Tuesday conducted a survey operation on the premises of Finnish cellphone major Nokia in Chennai on charges of alleged tax evasion. Sources in the department said the survey operation was conducted at the company's premises in the Tamil Nadu capital (under section 133 of the I-T Act) and few other locations in the country would be brought under this action. ...
09:12 PM, Jan 08, 2013
The Supreme Court on Tuesday sought the response of superstar Amitabh Bachchan on a petition by Income Tax Department which has claimed that the actor owes to it Rs 1.66 crore as taxes on his income he earned through quiz show 'Kaun Banega Crorepati' during 2001-02. ...
07:22 PM, Jan 08, 2013
The Central Vigilance Commission acted on a number of corruption cases and directed CBI probe in coal blocks allocation scam and recovery of about Rs 1,000 crore tax evasion in Commonwealth Games-related works on 2012, besides other anti-graft measures. The probity watchdog was also chosen to head a 10-member global task force to prepare a knowledge management system for promoting international cooperation in checking graft and black money. ...
01:24 PM, Dec 29, 2012
Ten main political parties of the country had a whopping Rs 2,490 crore of tax-exempted income in the last five years, according to information from the Income Tax department through an RTI plea. Of this the ruling Congress and the main Opposition party BJP have cornered more than 80 per cent. ...
06:03 PM, Dec 02, 2012
New Delhi: The Income Tax department, probing the secret list of account holders in the Geneva branch of HSBC bank, has approached Swiss revenue authorities for banking data of certain individuals after investigations showed some of them reportedly had other accounts under fictitious names. The department, which approached the Finance Ministry and the Central Board of Direct Taxes (CBDT) in this regard recently, has initiated the step in order to...
11:30 AM, Nov 18, 2012
Mumbai: The Mumbai Income Tax department has shared its preliminary investigation report on BJP President Nitin Gadkari's Purti Group with the Pune Income Tax DG and Kokata Income Tax DG. The preliminary probe has found that most of the companies with registered addresses were fake addresses. In the course of the field surveys, the officers could not locate books of accounts. The companies were incorporated with minimum capital and there...
01:12 PM, Nov 08, 2012
Jaipur: Income Tax department raided a jeweller's shop in Jaipur and recovered assets worth Rs 100 crore. The assets include cash amounting to Rs 1.5 crore. Jewellery worth Rs 1.5 crore and gold bricks worth Rs 70 lakh have also been recovered. Sources say the Income Tax department carried out the raids on Motisons Jewellers in Jaipur on Monday. Income Tax officials say that the jeweller is involved in hawala...
01:18 PM, Nov 06, 2012
New Delhi: The Central Information Commission has directed the Income Tax department to make public documents related to tax exemption given to the ICC World Cup held last year in the country. Information Commissioner Rajiv Mathur directed the department to make public the documents placed before the Union Cabinet last year on the basis of which decision was taken to grant the exemption. He, however, allowed the I-T department to...
06:54 PM, Oct 26, 2012
There was high drama at Congress leader and industrialist Naveen Jindal's press conference on Thursday afternoon where he claimed he has proof against editors of Zee News allegedly extorting money from his team. The Income Tax Department launched a probe into 18 of BJP President Nitin Gadkari's companies. The striking employees of Kingfisher Airlines reached a truce with the management and are set to resume work. ...
11:46 PM, Oct 25, 2012
New Delhi: CNN-IBN has accessed details of one of the alleged shell companies that invested in BJP President Nitin Gadkari's Purti Group. Regency Equifin Pvt Ltd interestingly has Gadkari's accountant Kawdu Zade and other employees in Purti as directors. Also, records show that Regency Equifin both borrowed from and lent money to Gadkari. The company bought shares worth Rs 4 crore in Gadkari's Purti Group in 2008. The 2008-09 balance...
08:42 PM, Oct 25, 2012
New Delhi: As more details of the web of shell companies associated with Bharatiya Janata Party (BJP) president Nitin Gadkari's Purti Group emerged, the Income Tax department swung into action. Sources in the I-T department confirmed they were probing the source of funds of the 18 odd companies that are shown as investors in Purti Power and Sugar. "The source of the funds, the manner of the sourcing and the...
08:11 PM, Oct 25, 2012
New Delhi: The Income Tax department on Thursday began probe into BJP president Nitin Gadkari's Purti Power and Sugar Ltd. I-T authorities will also probe source of funds of companies that were invested in Purti. Prima facie evidence suggests that shell companies have invested in Purti. Sources say that if necessary Gadkari may also be summoned in the case. IT departments of Mumbai and Pune have started their probe into...
03:26 PM, Oct 25, 2012
Shimla: Under attack from the opposition on charges of corruption and forgery, former Union Minister Virbhadra Singh on Wednesday threatened to file defamation suit against those indulging in his "character assassination". Lashing out BJP leader Arun Jaitley for making allegations of foregery, money laundering and income tax evasion against him, Singh said, "Jaitley should worry more about his national President who is in a sham today. Jaitley should divert his...
03:20 AM, Oct 25, 2012
New Delhi: The Congress's chief ministerial candidate for Himachal Pradesh, Virbhadra Singh, on Wednesday apologised for threatening mediapersons earlier in the day, explaining that he lost his cool amidst the flurry of questions from the press. Virbhadra had threatened to break the cameras of the mediapersons, when questioned about the allegations of corruption against him. Apologising, Virbhadra said, "I respect the media and the press. They are doing their job....
04:25 PM, Oct 24, 2012
The statements of Manish Pandey, Mohnish Mishra and Shalabh Srivastava claimed to have exposed corruption in IPL. ...
12:09 PM, Oct 20, 2012
