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Income Tax Department

Economy and Finance

IT Dept finds ₹408 crore tax fraud in 62 restaurants across 22 states, 63,000 eateries to get notices under SAKSHAM NUDGE

OpIndia Staff - 11 March, 2026

Officials said the probe began in November 2025 after detecting deletion of bulk bills and modified transaction records to suppress actual sales. Restaurants will be advised to update returns before 31 March 2026 under Section 139(8A).

News Reports

AI-led probe uncovers tax evasion scam worth Rs 70,000 crore, 60TB billing data of 1.77 lakh restaurant IDs under IT department’s radar

OpIndia Staff - 19 February, 2026

Investigators used big data analytics and Generative AI to analyse billing worth Rs 2.43 lakh crore from a pan India software platform controlling 10 per cent of the market, flagging systematic under reporting and backend manipulation.

News Reports

Madras HC rejects actor Vijay’s plea, upholds ₹1.5 crore Income Tax penalty in 2015 case, says action was within time limit

OpIndia Staff - 7 February, 2026

The case relates to a search and seizure operation conducted by the Income Tax authorities at Vijay's premises on 30th September, 2015.

News Reports

ED launched 6,444 PMLA cases since 2014, nearly 95% conviction rate in cases that reached verdict, Govt informs Parliament

OpIndia Staff - 9 December, 2025

Since 2014, the Enforcement Directorate has launched 6,444 money laundering investigations, achieving a 94.64% conviction rate in 56 cases judged on merits. ED’s investigations and search operations have steadily risen, peaking with 1,116 cases in 2021-22. Meanwhile, the Income Tax Department filed 13,877 cases, with mixed prosecution outcomes since 2014-15, government data shows.

News Reports

Income Tax Appellate Tribunal rejects Congress party’s plea seeking tax exemption on Rs 199 crore income: Here’s what the tribunal said

Shraddha Pandey - 22 July, 2025

The ITAT denied Congress’s claim for exemption, citing a violation of the conditions in Section 13A of the Income Tax Act. The Appellate Tribunal noted that the returns were filed late, in addition, there was a violation of cash donation limits.

Government and Policy

CBDT issues new Income Tax Return Form 5 for the Assessment Year 2025-26 with key updates in reporting capital gain and loss

ANI - 3 May, 2025

The Central Board of Direct Taxes (CBDT) has issued the new Income Tax Return (ITR) Form 5 for the Assessment Year 2025-26

News Reports

Modi govt revokes non-profit status of Soros-funded group of ‘journalists’, which peddled fake news about India’s poverty index: Here is what happened

OpIndia Staff - 29 January, 2025

"The tax authorities have cancelled our non-profit status, claiming journalism does not serve any public purpose and therefore cannot be carried out as a non-profit exercise in India," Reporters' Collective alleged.

News Reports

How the govt is cracking down on dubious foreign funded NGOs like Oxfam and CPR running ‘sinister campaigns’ under the guise of charitable activities

Jhankar Mohta - 3 October, 2024

According to the data made public by the Income Tax Department, from 2015 to 2021, NGO Care India obtained 92% of its funding from abroad, Environics Trust received 95%, LIFE 86% and Oxfam 78%.

News Reports