Bhubaneswar: Sanadhara Gand, a daily wage labourer from Odisha’s Nabarangpur district, was shocked when he received a notice from the Income Tax (I-T) Department for carrying out bank transactions of Rs 1.47 crore. The I-T Department has sent a notice to Sanadhara Gand, a resident of Purjaribharandi village, asking him to pay Rs 2.59 lakh […]
Tag: Income Tax Department
Ahead of polls, IT seizes Rs 29 cr cash in Mumbai
Mumbai: The Income Tax Department has seized Rs 29 crore cash here since the model code of conduct was enforced in the state ahead of the October 21 Maharashtra Assembly elections, an official said here on Saturday. The Department is keeping an eye on movement and distribution of unaccounted cash/valuables through Quick Response Teams, deployed at […]
IT Dept. raids 28 business establishments in UP
Lucknow : The Income-Tax department raided 28 business establishments in the state capital and Kanpur on Thursday, officials said. The IT sleuths raided the shops of a famous sweet chain in the state capital. Heavy police deployment was seen during the raids, while IT officials remained tight-lipped about the seizures made. According to sources, the […]
I-T carries out ‘surveys’ at Raghav Bahl’s home, office for alleged tax evasion
New Delhi : Sleuths of the Income Tax department on Thursday carried out “surveys” at the residence and office premises of Raghav Bahl, head of news portal, The Quint in connection with a case of alleged tax evasion, officials said. According to the IT department officials, a team reached the residence of Bahl in Uttar […]
Income Tax Department sends second notice to Deepak Kochhar
New Delhi : The Income Tax Department has sent a second notice to Deepak Kochhar, husband of ICICI Bank Chief Executive Chanda Kochhar, who is facing conflict of interest questions over the bank’s Rs 3,250-crore loan to the Videocon Group in 2012, a department official said on Monday. The source said the department had sent […]
Income Tax Department warns against filing wrong ITRs
New Delhi : The Income Tax Department on Wednesday cautioned salaried taxpayers not to under-report their income or inflate deductions and exemptions while filing tax returns, warning that wrong claims would be treated as cases of tax evasion. In a single-page advisory issued on Wednesday, the department said such attempts aided and abetted by unscrupulous […]
After IT, ED likely to probe Nirav Modi’s sister
New Delhi : A week after the Income Tax Department evinced interest in a firm linked to Punjab National Bank (PNB) fraud accused Nirav Modi’s sister in Singapore, the Enforcement Directorate (ED) is also now on its trail. Sources said the ED was looking into Islington International Pte Ltd, a Singapore-based company whose beneficiary owner […]
Rotomac Chief, son sent to transit remand, IT seizes 12 bank accounts
New Delhi : A CBI court on Friday sent Rotomac owner Vikram Kothari and his son Rahul to one-day transit remand while the Income Tax department seized 12 bank accounts of the group and issued six prosecution against the businessman in connection with the Rs 3,695 crore loan default. Additional Chief Metropolitan Magistrate Samar Vishal […]
Gitanjali Group properties worth Rs 1,200 crore attached
New Delhi/Hyderabad : Officials of the Income Tax (IT) Department on Thursday said they have attached properties worth Rs 1,200 crore of the Mehul Choksi-owned Gitanjali Group in Hyderabad. According to the IT officials, the agency has attached the SEZ (special economic zone) property of Gitanjali Group in Telangana’s capital city Hyderabad. “As per assessee’s […]
Absconder Mehul Choksi in IT’s gold probe since 2012
Mumbai : One of the absconders in the Punjab National Bank (PNB) fraud, Mehul Choksi, was under the scanner of the Mumbai Income Tax Department (Investigation) in 2012 for alleged duty violations while importing huge quantities of gold and diamond items. According to replies received under RTI in 2012, from the Mumbai Customs Department by […]