Tax Evasion

  • SC orders prosecution of Jayalalithaa for not filing I-T returns 30-01-2014 10:56 AM

    New Delhi: In a huge setback for Tamil Nadu Chief Minister J Jayalalithaa, the Supreme Court on Thursday ordered a trial court to prosecute her for not filing the Income Tax returns. Jayalalithaa is facing a trial in an income tax related case for not filing IT returns between 1991...
  • I-T raids 20 Yash Birla properties in Mumbai, Delhi 07-01-2014 06:36 PM

    Mumbai: The Income Tax department on Tuesday is carrying out searches at five companies of the Yash Birla group. The raids are currently underway at 15 different locations in Mumbai and Delhi. The companies are being searched for suspected tax evasion. Officials suspect that the income declared by them is...
  • Malayalam actor Dileep not paying service tax 22-12-2013 04:59 PM

    Kochi: Raids at the home and offices of Malayalam actor Dileep Saturday revealed that he has evaded payment of service tax, said central excise and service tax officials. The over 12-hour raid that began Saturday morning took place at multiple places, including his residence near here, and offices that are...
  • Berlusconi masterminded tax evasion plan, says Italian court 30-08-2013 01:58 AM

    Former Prime Minister Silvio Berlusconi was the mastermind behind a complex system of tax evasion by his holding company Fininvest, Italy's highest appeals court said on Thursday. The Court of Cassation, which published the reasons for its decision earlier in August 2013 to uphold Berlusconi's conviction for tax fraud, pulled...
  • Football clubs in Italy searched over tax evasion 25-06-2013 10:52 PM

    Rome: Naples prosecutors said on Tuesday they had ordered the search of dozens of Italian club offices as part of a tax evasion investigation relating to player contracts. Financial police were executing search warrants to seize documents from most of the 20 clubs in Serie A, including AC Milan, Juventus...
  • Fashion designers Dolce and Gabbana convicted of tax evasion 20-06-2013 07:59 AM

    Milan: A Milan court on Wednesday convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. They were found guilty of failing to declare 200 million euros ($268 million) through a Luxembourg company to authorities and given a one year and eight months suspended jail sentence. They were ordered...
  • iGate faces unsettled tax demands worth Rs 738 crore 26-05-2013 12:50 PM

    New Delhi: After WNS and Infosys, iGate is the latest to face tax issues in India with the US-based outsourcing firm having an "unsettled" tax demand of USD 132.7 million (about Rs 738 crore) for assessment years 2004-05 to 2009-10. iGate, which was in news for sacking of its chief...
  • Ekta Kapoor's Balaji Telefilms owes Rs 30 cr to I-T dept 03-05-2013 01:00 PM

    Mumbai: Film and television producer Ekta Kapoor's production house Balaji Telefilms evaded tax to the tune of Rs 30 crore by inflating bills, said the Income Tax Department sources on Friday. Ekta has, however, now agreed to pay the remaining amount, added the sources. I-T officials had conducted raids at...
  • Mumbai: Income Tax raids at Ekta Kapoor's Balaji Telefilms office 30-04-2013 10:34 AM

    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...
  • Ramdev gets notice for alleged tax evasion 28-11-2012 04:39 PM

    New Delhi: A demand notice has been sent by authorities to trusts run by Ramdev for alleged service tax evasion on about Rs 1 crore received from a private TV broadcaster for airing his programme on Yoga. Official sources said a demand notice was sent to Patanjali Yoga Peeth and...
  • Government slaps Rs 5 cr notice on Ramdev's trusts 11-11-2012 11:07 AM

    New Delhi: The Government has slapped a notice of Rs five crore demand on trusts run by Ramdev in connection with alleged service tax evasion while organising their yoga camps. Claiming that shivirs (camps) undertaken by Patanjali Yoga Peeth and Divya Yoga Trust in Haridwar were commercial activity, the Revenue...
  • Virbhadra threatens to file defamation suit over allegations 25-10-2012 03:20 AM

    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,...
  • Mohanlal and Mammooty in the tax net 02-01-2012 04:08 PM

    Kerala At 6.30 a.m., on July 22, there was a pin-drop silence outside two luxurious bungalows in Kochi; one in Thevara, and the other in Panampilly Nagar. Suddenly, a few cars braked to a stop. Several nondescript-looking men stepped out, with files in their hands. Then the senior-most Income Tax...
  • Tax dept has unearthed $12.3 bn black money: FM 14-12-2011 10:57 PM

    New Delhi: Union Finance Minister Pranab Mukherjee on Wednesday told Parliament that the tax authorities had unearthed Rs 660 billion of unaccounted money as part of the government's efforts to curb tax evasion. Mukherjee was replying to a debate on black money in the Lok Sabha. He further said that...
  • Black money funding terror attacks: Advani 14-12-2011 12:24 PM

    New Delhi: Senior BJP leader LK Advani moved an adjournment motion on the black money issue in the Lok Sabha on Wednesday. Speaking on the issue in the House, Advani said that the 'dirty money' was going in terror incidents. "The world realises that a major part of this dirty...
  • India among top 3 countries fighting tax evasion 09-12-2011 07:11 AM

    New Delhi: The UPA might be getting flak over black money from the Opposition, but the global community ranks India amongst the top three countries fighting to get tax evaders to book. Global Forum on Tax Transparency Head Pascal Saint Amans said, "They (global Community) pretend they are bringing transparent...
  • Pune: Hasan Ali's wife granted bail 17-11-2011 09:26 PM

    Mumbai: A special court on Thursday granted bail to the wife of Pune businessman and alleged tax evader Hasan Ali Khan. Enforcement Directorate (ED) had initiated proceedings against Rheema Khan under the Prevention of Money Laundering Act (PMLA) and relevant section of the IPC for not responding to summons and...
  • ED to attach assets of Hasan Ali, Tapuriah 04-11-2011 01:05 PM

    New Delhi: The Enforcement Directorate will attach an estimated Rs 50 crore of assets of Pune stud farm owner and alleged tax defaulter Hasan Ali Khan and his Kolkata-based associate Kashinath Tapuriah in a money laundering case. The Adjudicating Authority of the agency based in Delhi recently endorsed an order...
  • Send strong message on tax evasion: PM to G-20 03-11-2011 11:33 PM

    Cannes: Warning that tax evasion and illicit flows have become a "serious" problem, Prime Minister Manmohan Singh on Thursday asked the G-20 to send a strong message to curb such activities. With the issue of black money stashed abroad by Indians being used to target his government by the Opposition,...
  • I-T raids premises of Gautam Singhania 03-11-2011 01:45 PM

    Mumbai: The Income Tax Department on Thursday conducted searches at the premises of prominent industrialist Gautam Singhania in Mumbai and in Delhi over alleged tax evasion. The I-T operation began early in the morning and was initiated by the Intelligence Wing of the department. A team of about 150 I-T...
  • Hasan Ali suffers stroke, to seek bail: Lawyer 30-10-2011 11:17 PM

    Mumbai: Alleged money launderer and tax evader Hasan Ali Khan suffered a stroke followed by a paralytic attack in jail but was not hospitalised, his lawyer said, adding he will move Supreme Court for bail on Monday. According to advocate IP Bagaria, Khan, whose bail was cancelled by the apex...
  • I-T officer held for helping TV channel evade tax 11-10-2011 11:35 PM

    Mumbai: The Central Bureau of Investigation (CBI) on Tuesday arrested a deputy Income Tax Commissioner for allegedly misusing his official position to help a private television channel evade Rs 1.57 crore tax. According to officials, DITC P K Das had in 2007 issued a notice to Taj Television (owner of...
  • Rich should pay more taxes: Barack Obama 20-09-2011 12:40 AM

    Washington: With America's debt assuming dangerous proportions and no significant number of jobs being created of late, the US President Barack Obama on Monday unveiled plans to tax the rich and reduce the deficit. Coming out with a slew of proposals to tax the rich, Obama said his plan eliminates...
  • Hasan Ali's wife obstructing probe, ED tells HC 23-08-2011 07:45 PM

    Mumbai: Alleging that Hasan Ali Khan's wife was 'obstructing' the probe and trying to 'intimidate' investigators, the Enforcement Directorate (ED) on Tuesday urged the Bombay High Court to reject her petition seeking quashing of proceedings under the anti-money laundering law. The ED also said the preliminary enquiry initiated against Rheema...
  • SC extends stay on Hasan Ali's bail 18-08-2011 04:41 PM

    New Delhi: The Supreme Court on Thursday extended till August 26 the stay on the bail granted to Pune stud farm owner Hasan Ali Khan, who was arrested in March on charges of money laundering. A bench headed by Justice Altamas Kabir passed the order after hearing for two hours...