Wednesday, April 17, 2024

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Income Tax Department

Income Tax officials uncover plan to bring Rs 200 crore from Dubai for a Tamil Nadu-based political party ahead of LS elections

According to authorities in the IT Department, "It has been found through WhatsApp conversations on his mobile phone that he was planning to bring money from Dubai to Chennai through hawala for a prominent Tamil Nadu-based political party."

Explainer: How ‘unaccounted transactions’ and violations led the IT Department to send notices of demands worth Rs 3,567 crores from Congress

The IT dept initiated reassessment proceedings after discovering discrepancies in the Congress party's tax returns.

Income Tax Dept issues 5 new notices to propaganda outlet Newslaundry, CEO Abhinandan Sekhri claims total count reached 55

Abhinandan Sekhri alleged that the IT Department sends notices to Newslaundry like sweets distributed on the occasion of Holi (Holi ki mithai).

While opposition was alleging Quid Pro Quo in electoral bond donations by Megha Engineering, Income Tax documents show the company made unaccounted payments to...

Delhi HC revealed that search documents recovered from Megha Engineering Group appeared to indicate unaccounted transfers to Congress.

“Acted with responsibility”: Income Tax dept defends recovering ₹65 crore from Congress, says amount will be returned if the party wins the case

The Income Tax Department said that they acted with responsibility and their action was fully in line with the law to recover Rs 65 crore from the bank accounts of Congress party

Demonetisation destroyed the economy: Old tweets Congress MP Dhiraj Sahu goes viral after I-T raids recover over Rs 300 crore from places linked to...

Old posts of Congress MP Dhiraj Prasad Sahu criticising demonetisation went viral after I-T raids against him that have unearthed around ₹300 crore

Where is the money – What happens to the cash recovered by Enforcement Directorate or Income Tax department during raids

The money seized during ED raids is kept in SBI branch and later moved to central treasury

Enforcement Directorate and IT Department raids ‘Lottery Martin’, who caused the Sikkim govt loss of ₹910 crores in lottery scam case

'Lottery Martin' has been under the radar of investigative agencies since 2011 for financial fraud and money laundering.

“Central assessment may be required”: SC to hear petitions filed by Gandhi family & AAP challenging transfer of tax assessment to Central Circle

In a setback to Congress and AAP, the apex court said that "centralised assessment may be required for income tax purposes where there are cross-transactions between individuals".

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