Tax Raids Seize Rs 170 Crore From Nanded Finance Firms
The Income Tax Department confiscated unreported assets valued at Rs 170 crore, during a 72-hour raid on finance firms in Nanded, Maharashtra. This included Rs...
Tag : income tax department
I-T Won’t Take Action Against Congress Over Tax Demand Of Rs 3,500 Cr
In a major relief to the Indian National Congress, the Income Tax Department has informed the Supreme Court that it will refrain from taking coercive...
Congress Receives Tax Notices, Owes Rs 3,567 Crore For 3 Years
The Congress disclosed receiving new Income-Tax department notices for the years 2014-15 to 2016-17, demanding Rs 1,745 crore. This, coupled with prior demands for the...
Congress Faces Rs 1,700 Crore Tax Notice Post-Court Setback
Income Tax Department issues Rs 1,700 crore notice to Congress following Delhi High Court’s dismissal of party’s appeals against tax reassessment. Congress leader Vivek Tankha...
High Court Denies Congress’s Pleas Over Tax Reassessment Proceedings
On Friday, the Delhi High Court rejected Congress’s challenges against the Income Tax Department’s reassessment proceedings. Justices Yashwant Varma and Purushaindra Kumar Kaurav pronounced the...
Tax Raids At Polycab India’s 50 Locations In Mumbai
The investigation wing of the Income Tax Department conducted searches at nearly 50 locations linked to Polycab India in Mumbai on Friday. According to the...
BBC admits ‘tax evasion’ in India; underreported 40 Crore income
by News Desk
According to reports, The British Broadcasting Corporation is required to follow the formal procedure to comply with Indian tax regulations by filing revised returns and...
Headlines: More Trouble For BBC India! Enforcement Directorate Files FEMA Case Against Media House
by Arti Ghargi
The Enforcement Directorate (ED) has registered a FEMA case against news broadcaster BBC India for foreign exchange violations, official sources told PTI on Thursday. The...
Income Tax Department Raids On Delhi-Based Think Tank Centre For Policy Research
The Income Tax searches are underway at the office of the Centre for Policy Research, which describes itself as a public policy think tank and...
“Dulhan Hum Le Jayenge”: IT Raid Jalna Businessman, In A Filmy Style
by Aleesha Sam
The Income tax department has seized around Rs 58 crore in cash and assets worth Rs 390 crore after it raided a Maharashtra-based business group...