I-T refers tax fraud to Enforcement Directorate
4 years, 10 months ago

I-T refers tax fraud to Enforcement Directorate

Deccan Chronicle  

Vijayawada: The case involving fraudulent transactions of Rs 2,000cr by three infra companies owned by Telugu Desam leaders is getting deeper with the income-tax department deciding to refer the case to other investigating agencies like Enforcement Directorate and Serious Fraud Investigation Office. What makes this more interesting is that the benami prohibition wing of the IT department is handling the case from survey to searches lending credence to the allegations that the real beneficiaries of these fraudulent transactions were someone else. Though the searches were conducted a few days ago, the IT department is said to have initiated the survey operations four months ago and did a lot of spade work before conducting the raids. Official sources told Deccan Chronicle that the department had authentic information that P. Srinivas, former personal secretary to Telugu Desam supremo N. Chandrababu Naidu, was in the know of these transactions.

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History of this topic

I-T raids on former YSRC MLA Grandhi Srinivas continue
2 months ago

I-T raids on former YSRC MLA Grandhi Srinivas continue

New Indian Express  

VIJAYAWADA: Income Tax officials reportedly continued raids on the properties of former Bhimavaram YSRC MLA Grandhi Srinivas, who is into aqua business for more than three decades, for the fifth consecutive day on Sunday. It is learnt that a team from Chennai Income Tax Department, along with the Central Industrial Security Force, visited seven places on Wednesday, and started verifying …

Income-tax Officials Raid BRS, Congress Candidates in Telangana
1 year, 1 month ago

Income-tax Officials Raid BRS, Congress Candidates in Telangana

Deccan Chronicle  

Hyderabad: Income-tax officials conducted raids on residences of Alampur Congress candidate Sampath Kumar and associates of Narayanpet BRS nominee S. Rajender Reddy and reportedly seized unaccounted money. In another incident, the I-T officials conducted raids on Alampur Congress candidate Sampath Kumar's residence located at Shantinagar of Vaddepalli mandal in Jogulamba Gadwal district. The I-T officials along with Election Commission flying …

Income-Tax Officials Raid Sabitha's Associates
1 year, 1 month ago

Income-Tax Officials Raid Sabitha's Associates

Deccan Chronicle  

Hyderabad: Income-tax officials have conducted raids on the residences of BRS’ Maheshwaram candidate P. Sabitha Indra Reddy's close associates and relatives at 15 different places in Hyderabad on alleged cash transactions. Sources said that the I-T officials carried out raids on the residence and office of Pradeep Reddy, a real estate businessman in the city and is a close relative …

I-T raids continue, crores seized from Bengaluru builder
1 year, 2 months ago

I-T raids continue, crores seized from Bengaluru builder

The Hindu  

In a continuation of the raids since Thursday, Income Tax officials on Sunday searched an apartment in Kethamaranahalli at Rajajinagar belonging to a city-based builder and allegedly recovered cash worth several crores and incriminating documents from him. The I-T officials questioned the builder to ascertain the source of the money and the documents pertaining to several immovable properties in and …

I-T raid: Contractor’s son claims money came from land sale; BJP demands CBI probe
1 year, 2 months ago

I-T raid: Contractor’s son claims money came from land sale; BJP demands CBI probe

The Hindu  

The son of the contractor whose properties were raided by the Income Tax Department during which a large amount of cash, said to be over ₹40 crore, was recovered, has claimed the money was his own, which came from a land sale deal and he would explain to the I-T sleuths soon. The I-T sleuths had raided premises linked to …

I-T raids: D.K. Shivakumar calls it political vendetta; BJP says money was ‘commission’ meant to fund Telangana polls
1 year, 2 months ago

I-T raids: D.K. Shivakumar calls it political vendetta; BJP says money was ‘commission’ meant to fund Telangana polls

The Hindu  

Deputy Chief Minister D.K. Shivakumar on Friday claimed that the Income Tax searches in Bengaluru on the residences of contractors, who had alleged 40% commission in contracts during the previous BJP rule, were “politically motivated”. This drew a sharp reaction from the Opposition that claimed the money seized was “commission” taken from contractors meant to fund the Assembly election campaign …

I-T raid on contractor who alleged 40% commission against BJP govt in Karnataka
1 year, 2 months ago

I-T raid on contractor who alleged 40% commission against BJP govt in Karnataka

The Hindu  

Income Tax sleuths raided the properties linked to a prominent contractor in the city in the early hours of Friday and recovered cash, speculated to be over ₹40 crore. The contractor, R. Ambikapathy, is the office-bearer of multiple contractors’ associations in Karnataka that had made the “40% commission” allegation against the previous BJP regime. Even as Deputy Chief Minister D. …

I-T Dept Attaches Assets Worth Rs 50 Crore After Raids in 'Benami' Case Against SP Leader Abu Azmi
1 year, 3 months ago

I-T Dept Attaches Assets Worth Rs 50 Crore After Raids in 'Benami' Case Against SP Leader Abu Azmi

News 18  

Newly constructed flats and a building complex in Varanasi and bank deposits worth about Rs 50 crore have been attached under the anti-benami properties law by the Income Tax department as part of its probe against Maharashtra Samajwadi Party MLA Abu Azmi and his alleged associates, official sources said on Saturday. Sources told PTI that the raids have ended and …

Kerala: ED raids CP(M) MLA Moideen, others in money laundering case
1 year, 4 months ago

Kerala: ED raids CP(M) MLA Moideen, others in money laundering case

Deccan Chronicle  

Thiruvananthapuram: The Enforcement Directorate on Tuesday raided premises of CPI MLA A C Moideen and some others as part of a money laundering investigation linked to an alleged Rs 100 crore fraud in the party controlled Karuvannur cooperative bank, official sources said.The federal agency is covering about half a dozen premises in the state as part of the action being …

Tamil Nadu: 9 arrested for preventing I-T officials from carrying raids at DMK Minister's premises
1 year, 7 months ago

Tamil Nadu: 9 arrested for preventing I-T officials from carrying raids at DMK Minister's premises

India TV News  

Tamil Nadu : At least nine people have been arrested for preventing Income Tax officials from executing their duties while conducting raids at DMK Minister Senthil Balaji's premises. Just a few days ago, the Income Tax department carried out raids at locations linked to State Electricity Minister V Senthil Balaji. The raids went on around 40 locations at residences and …

Centre must take strict action against those who attacked I-T officials, says Edappadi K. Palaniswami
1 year, 7 months ago

Centre must take strict action against those who attacked I-T officials, says Edappadi K. Palaniswami

The Hindu  

Leader of the Opposition and AIADMK general secretary Edappadi K. Palaniswami on Saturday urged the Centre to take strict action against those who attacked Income Tax officials during searches on the premises of Tamil Nadu Minister for Electricity, Excise and Prohibition V. Senthilbalaji’s brother V. Ashok Kumar and his acquaintances in Karur district. Mr. Palaniswami also criticised DMK Organising Secretary …

DMK slams BJP over I-T searches in premises of individuals linked to T.N. Minister Senthilbalaji
1 year, 7 months ago

DMK slams BJP over I-T searches in premises of individuals linked to T.N. Minister Senthilbalaji

The Hindu  

Following the Income Tax department’s coordinated searches across different locations in Tamil Nadu at individuals linked to state Electricity Minister V. Senthilbalaji, the ruling DMK alleged the BJP is using central agencies such as the I-T to "avenge" opposition parties. The searches were being held in various cities including Karur and Coimbatore at the premises of individuals linked to the …

Income Tax department searches premises linked to Tamil Nadu Minister V. Senthilbalaji
1 year, 7 months ago

Income Tax department searches premises linked to Tamil Nadu Minister V. Senthilbalaji

The Hindu  

Income Tax officials are carrying out searches at various premises linked to Tamil Nadu Minister for Electricity, Excise and Prohibition V. Senthilbalaji, in Karur and a few other places on Friday, May 26, 2023. Minister’s supporters attack As information about the searches by I-T officials spread, a large number of DMK cadres and the supporters of Mr. Senthilbalaji assembled before …

I-T Dept questions BRS MLC, realtors over tax evasion
1 year, 11 months ago

I-T Dept questions BRS MLC, realtors over tax evasion

Deccan Chronicle  

Hyderabad: Officials of the income-tax department on Wednesday questioned BRS MLC Venkatrami Reddy and officials of Pushpa Lifestyle City Projects, a day after raiding their company premises and residences over tax evasion. Besides questioning Venkatrami Reddy, a former IAS officer, about his association with realtors and businessmen in the city, I-T officials also questioned his auditors over his failure to …

I-T dept conducts raids, surveys on unrecognised political parties, NGOs Oxfam, CPR
2 years, 4 months ago

I-T dept conducts raids, surveys on unrecognised political parties, NGOs Oxfam, CPR

India TV News  

Raids on NGOs, unrecognised parties: The Income Tax department on Wednesday conducted raids and surveys in various states in separate cases related to alleged tax evasion, violation of FCRA violation and illicit funding of registered unrecognised political parties, official sources said. The coordinated operations were carried out at over 110 locations in Gujarat, Delhi, Uttar Pradesh, Maharashtra, Madhya Pradesh, Chhattisgarh, …

I-T Dept. accuses multinational group of tax evasion
2 years, 10 months ago

I-T Dept. accuses multinational group of tax evasion

The Hindu  

The Income–Tax Department on Thursday claimed to have detected irregularities on the part of a multinational group engaged in the distribution of telecom products and providing captive software development services. We will approach related government departments for more information and fully cooperate as per the rules and regulations and follow the right procedure.” Without naming the company, the I–T Department …

MSCB fraud: ED raids premises of Shiv Sena leader Arjun Khotkar
3 years, 1 month ago

MSCB fraud: ED raids premises of Shiv Sena leader Arjun Khotkar

Op India  

The Enforcement Directorate on Friday raided multiple premises linked to Shiv Sena leader Arjun Khotkar in Aurangabad and nearby areas. Ajit Pawar and Sharad Pawar named in the Rs 25,000 crore MSCB scam In the same case, the Enforcement Directorate in July 2021 had attached properties worth over Rs 65 crores, including a sugar mill in Satara, liked to Deputy …

I-T department detects Rs 300 crore black money after raiding 2 Chennai financing groups
3 years, 3 months ago

I-T department detects Rs 300 crore black money after raiding 2 Chennai financing groups

India TV News  

The Central Board of Direct Taxes on Saturday claimed that the Income Tax Department has detected "unaccounted" income of over Rs 300 crore after it raided two private syndicate financing groups in Chennai. "The searches, so far, have resulted in the detection of undisclosed income of more than Rs 300 crore and unaccounted cash of Rs 9 crore has been …

I-T department raids premises linked to Anil Deshmukh in tax evasion case
3 years, 3 months ago

I-T department raids premises linked to Anil Deshmukh in tax evasion case

Hindustan Times  

The investigation wing of the Income Tax department conducted searches on Friday at the residence and offices of former Maharashtra home minister Anil Deshmukh in Nagpur, Mumbai and Pune for suspected tax evasion. On August 23, the Enforcement Directorate filed a charge sheet against his personal secretary Sanjeev Palande and personal assistant Kundan Shinde in a money laundering case, in …

Benami transactions: I-T dept files prosecution complaint against Maharashtra minister Chhagan Bhujbal
3 years, 4 months ago

Benami transactions: I-T dept files prosecution complaint against Maharashtra minister Chhagan Bhujbal

India Today  

The Income Tax department has filed a prosecution complaint against Maharashtra minister and NCP leader Chhagan Bhujbal, his son Pankaj, nephew Sameer and their various companies over benami transactions worth Rs 100 crore. They were allegedly bought using investments made through benami companies by Bhujbal, his son Pankaj and nephew Sameer. READ | ACB opposes Chhagan Bhujbal plea for discharge …

I-T Dept Detects Rs 200-crore Evasion After Raids at Three 'Leading' Entities in Assam
3 years, 11 months ago

I-T Dept Detects Rs 200-crore Evasion After Raids at Three 'Leading' Entities in Assam

News 18  

The Income Tax Department has detected tax evasion of more than Rs 200 crore after it raided three "leading" entities of Assam involved in construction and tea garden businesses, the CBDT said on Wednesday. "Entries from shell companies in the form of share capital and unsecured loans and by way of amalgamation to the tune of approximately Rs 100 crore …

I-T Dept detects over Rs 700 cr tax evasion after raids against Chennai's Chettinad Group
4 years ago

I-T Dept detects over Rs 700 cr tax evasion after raids against Chennai's Chettinad Group

India TV News  

The Income Tax Department has detected tax evasion of more than Rs 700 crore after it recently raided multiple locations of Chennai-based Chettinad Group, the CBDT, and official sources said on Tuesday. "The highlight of the search includes seizure of unaccounted cash of Rs 23 crore from various locations," the CBDT said in a statement. While the CBDT said its …

I-T Dept Detects Rs 75 Crore Unaccounted Income After Raids on Traders in Poll-bound Bihar
4 years, 2 months ago

I-T Dept Detects Rs 75 Crore Unaccounted Income After Raids on Traders in Poll-bound Bihar

News 18  

The Income Tax Department had detected “undisclosed” income of Rs 75 crore after it raided some contractors and traders at multiple places in the poll-bound Bihar, the CBDT said on Friday. The searches, so far, have led to unearthing of unaccounted income of about Rs 75 crore,” the Central Board of Direct Taxes said in a statement. “These documents and …

I-T department searches Tamil Nadu education group, detects ₹150-cr tax evasion
4 years, 2 months ago

I-T department searches Tamil Nadu education group, detects ₹150-cr tax evasion

Live Mint  

The Income Tax department on Wednesday raided a Tamil Nadu-based group running multiple educational institutions and the action had led to detection of alleged tax evasion worth about ₹150 crore, the CBDT said today. "The search was carried out on the basis of information that fees collected from students were not fully accounted for in the regular books of accounts," …

I-T dept raids Chandigarh lawyer who allegedly took ₹217 crore from client
4 years, 2 months ago

I-T dept raids Chandigarh lawyer who allegedly took ₹217 crore from client

Hindustan Times  

The Income Tax Department has raided a “leading” Chandigarh-based advocate for allegedly evading tax and receiving ₹217 crore “in cash”, tax officials said on Thursday. In a statement, the Central Board of Direct Taxation said cash amounting to ₹5.5 crore was seized during searches carried out against the advocate practising in the field of commercial arbitration and alternate dispute resolution. …

About 100 'Benami' Assets with Links to Retired Govt Officials Unearthed After I-T Raids in Bhopal: CBDT
4 years, 4 months ago

About 100 'Benami' Assets with Links to Retired Govt Officials Unearthed After I-T Raids in Bhopal: CBDT

News 18  

New Delhi: The Income Tax department has unearthed a network of about 100 "benami" properties, some linked to retired government officers, after it conducted raids in Bhopal, the CBDT said on Friday. The Central Board of Direct Taxes said documents seized during the searches launched at various locations in the capital city of Madhya Pradesh on Thursday indicate that a …

I-T Dept Raids Chinese Individuals, Local Contacts in Rs 1,000-crore Money Laundering Case
4 years, 4 months ago

I-T Dept Raids Chinese Individuals, Local Contacts in Rs 1,000-crore Money Laundering Case

News 18  

The Income Tax Department conducted raids in New Delhi against some Chinese individuals and their local associates for allegedly indulging in a money laundering racket involving Rs 1,000 crore using shell or dubious firms, the Central Board of Direct Taxes said on Tuesday. The CBDT, which frames policy for the tax department, said the searches were launched based "on credible …

'Incriminating evidence' found by CBDT during I-T raids of residence, offices of N Chandrababu Naidu's former private secretary
4 years, 10 months ago

'Incriminating evidence' found by CBDT during I-T raids of residence, offices of N Chandrababu Naidu's former private secretary

Firstpost  

The Central Board of Direct Taxes announced the seizure of ‘incriminating evidence’ from the residence and other premises of former Andhra Pradesh Chief Minister N Chandrababu Naidu’s ex-private secretary Pendyala Srinivasa Rao Amravati: The Central Board of Direct Taxes on Thursday announced the seizure of “incriminating evidence” from the residence and other premises of former Andhra Pradesh Chief Minister N …

I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices
5 years, 1 month ago

I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices

Firstpost  

It was found, the CBDT said, that the company would pay for such bogus expenses by cheque or RTGS and then receive the cash back. New Delhi: The income tax department has detected alleged undisclosed income of Rs 435 crore after it raided a Tamil Nadu-based company, the CBDT said on Sunday. Unaccounted cash of Rs 32.6 crore and about …

IT dept conducts raids at different locations in Karnataka ​
5 years, 8 months ago

IT dept conducts raids at different locations in Karnataka ​

India TV News  

Teams of Income Tax sleuths raided certain businessmen in Bengaluru, Hassan and Mandya in Karnataka on credible information of tax evasion on undisclosed income and assets, an official said on Tuesday. The tax raids resumed a day after the ruling Congress and Janata Dal-Secular wrote a joint letter to the Election Commission seeking the transfer of Income-Tax Director-General for Karnataka …

Election Commission asks CBDT chairperson, revenue secretary to 'explain' I-T raids on politicians and their aides
5 years, 9 months ago

Election Commission asks CBDT chairperson, revenue secretary to 'explain' I-T raids on politicians and their aides

Firstpost  

The EC’s advice had come against the backdrop of Income Tax Department’s raids in Madhya Pradesh on Sunday and in Karnataka, Tamil Nadu and Andhra Pradesh in the recent past on politicians and people connected to them New Delhi: The Election Commission has called the revenue secretary and chairman of Central Board of Direct Taxes on Tuesday to discuss ongoing …

CBDT asks I-T Dept to probe about 3 lakh de-registered firms for money laundering
5 years, 9 months ago

CBDT asks I-T Dept to probe about 3 lakh de-registered firms for money laundering

India TV News  

The CBDT has issued directions to Income Tax offices across the country to probe financial transactions of about three lakh firms, de-registered by the government for their dubious financial credentials, for tax evasion and money laundering, especially during demonetisation. "To check possible misuse of such companies for money laundering activities, the board desires that the field authorities may verify deposits …

I-T denies Karnataka CM Kumaraswamy's charges on raids
5 years, 9 months ago

I-T denies Karnataka CM Kumaraswamy's charges on raids

India Today  

The Income-Tax Department on Thursday refuted Karnataka Chief Minister HD Kumaraswamy's charges of "revenge politics" and said the raids on contractors in the state were based on credible information. "The Department's investigation wing carried out searches on professionals and businesses, including bureaucrats, breweries, multinational companies, mining barons, diagnostic centres, trusts, educational institutions, medical colleges, real estate, fisheries, film industry and …

I-T officials carry out raids at Karnataka minister Puttaraju's residence
5 years, 9 months ago

I-T officials carry out raids at Karnataka minister Puttaraju's residence

India Today  

In a predawn swoop on Thursday, Income Tax officials along with CRPF personnel carried out raids at the residences of Karnataka Minor Irrigation Minister C S Puttaraju and his nephew. Speaking to a private news channel, JD leader Puttaraju said three teams of Income Tax officials and Central Reserve Police Force personnel carried out raids at his Chinnakurli residence in …

I-T raids on minister KC Veeramani, friends premises in Vellore
5 years, 10 months ago

I-T raids on minister KC Veeramani, friends premises in Vellore

Deccan Chronicle  

Vellore: In a surprise development, income tax officials raided several premises including the office of Commercial Taxes and Registration minister K. C. Veeramani, besides that of some friends and the houses and offices of two real estate businessmen in Vellore district on Thursday. Sources said the I-T raids related to an alleged Rs 300 crore land transaction of a prime …

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