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Income Tax Department

News Reports

Assam Congress president Bhupen Borah summoned by Income Tax department, asked to submit book of accounts

ANI -
Income Tax Department has summoned Assam Pradesh Congress Committee (APCC) president Bhupen Kumar Bora asking him to appear on 16 August
News Reports

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

OpIndia Staff -
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."
News Reports

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

Paurush Gupta -
The IT dept initiated reassessment proceedings after discovering discrepancies in the Congress party's tax returns.
News Reports

Congress requests no coercive action against party for pending Income Tax dues till elections are over – SG Tushar Mehta accepts after Court agrees...

OpIndia Staff -
SG Tushar Mehta mentioned that the total tax demand from Congress stands at Rs 3,567 crore.
News Reports

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

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

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

OpIndia Staff -
Delhi HC revealed that search documents recovered from Megha Engineering Group appeared to indicate unaccounted transfers to Congress.
News Reports

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

ANI -
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
News Reports

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...

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

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

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

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

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