income tax

The I-T Department revealed that out of the Rs 351 crore seized from premises linked to Congress MP Dhiraj Sahu, Rs 329 crore was recovered from dilapidated buildings in small towns of Odisha

The Delhi High Court has dismissed the News Portal NewsClick plea challenging the orders dated November 3 and February 20 passed by the Income Tax Department and said it has not been able to make out a prima facie case in its favour. 

60 kg gold along with 454 crores of cash found in I-T raids on companies and premises linked to Dhiraj Sahu, says a report in Kanak News.

At least 30 properties linked to Al Jauhar Trust has been raided as a part of tax evasion probe against SP leader Azam Khan.

Senthil Balaji, who served as the transport minister under the previous AIADMK government, was detained on June 14 by the Enforcement Directorate (ED) in connection with a cash-for-jobs scheme.

The Raja Ram Temple in Orchha got an IT notice for cash deposits of 1.22 cr that were not mentioned in IT returns.

Notably, the FCRA licence of Oxfam India was revoked in January last year as the trust did not apply for renewal of the licence, as said by the Ministry of Home Affairs back then.

According to the local reports, around eight Income tax official teams have been deployed to conduct raids at the six locations linked to Deshpande in Pune. The IT officials are investigating financial transactions and tax evasion of these companies.

BBC was accused of engaging in industrial level tax avoidance by employing people through personal service firms instead of direct recruitment

Sources said the above exercise, conducted by the tax authorities, is called "survey", not search or raid as per the provisions of the Income Tax Act. Such surveys are routinely conducted and are not to be confused to be in the nature of a search/raid, said sources.