I-T Dept.: ₹100 cr. found in raid of institutions linked to Cong. leaders
5 years, 5 months ago

I-T Dept.: ₹100 cr. found in raid of institutions linked to Cong. leaders

The Hindu  

The Income Tax Department has, in a statement, claimed to have “detected undisclosed income of around ₹100 crore, considering cash donations received” by the two education institutions they have been searching from Thursday “for 185 seats averaging 50 lakh to 65 lakh per seat”. The department has also made a total seizure of undisclosed assets of ₹8.82 crore — ₹4.22 crore unaccounted cash, including ₹89 lakh from the house of Dr. Parameshwara, and ₹4.6 crore worth “benami deposits”. I-T officials on Friday found: “Modus operandi of making cash deposits in the accounts of certain employees and their families and its diversion to fixed deposits used to services loans taken by trustees has been unearthed. It was further found that the interest from such benami fixed deposits have been used to service the loans taken by the trustees in their personal capacity.” These deposits were made in Shivashree Souhardha Credit Co-operative Ltd, Tumakuru, and the employees in whose names these deposits were held have reportedly told I-T officials they had no knowledge of this.

Statement Fixed Deposits Crore Seats Cong Cash Deposits Ssahe  seats  employees  linked  cash  100  lakh  cr  deposits  raid  names  statement  used  leaders  cong  crore  trustees  dept  institutions

History of this topic

CBI books two I-T officers in 2 separate corruption cases
3 weeks ago

CBI books two I-T officers in 2 separate corruption cases

Hindustan Times  

MUMBAI: The Mumbai unit of the Central Bureau of Investigation has booked an Income Tax Officer for allegedly demanding a bribe of ₹5 lakh from a city-based senior citizen for non-issuance of a demand notice of ₹1 crore against his purported tax assessment dues. The complainant told the CBI that her father, who is a “heavy tax payer”, had received …

Vinod Tawade says ‘I’m not stupid’, denying allegations of cash distribution, opposes Opposition claims
4 months, 2 weeks ago

Vinod Tawade says ‘I’m not stupid’, denying allegations of cash distribution, opposes Opposition claims

The Hindu  

The Bharatiya Janata Party General Secretary Vinod Tawde on Wednesday rejected allegations of distributing cash to influence voters, stating he was well-versed with electoral rules and would not engage in such activities, especially in a hotel owned by political opponents. Hours before the Assembly polls, Bahujan Vikas Aghadi leader Hitendra Thakur accused Mr. Tawde of distributing ₹5 crore at a …

Maharashtra cash-for-vote row: Police find ₹9.93 lakh in hotel
4 months, 2 weeks ago

Maharashtra cash-for-vote row: Police find ₹9.93 lakh in hotel

Hindustan Times  

Amid the raging cash-for-vote controversy in Maharashtra, the Palghar administration said on Tuesday that the police team recovered ₹9.93 lakh in cash and some documents in the hotel. Bahujan Vikas Aghadi candidate Kshitij Thakur with supporters after they gheraod BJP leader Vinod Tawde. The Bahujan Vikas Aghadi has alleged that BJP general secretary Vinod Tawde arrived at the hotel today …

Seizure of ₹4.8 crore cash: HC stays criminal proceedings against BJP MP
8 months ago

Seizure of ₹4.8 crore cash: HC stays criminal proceedings against BJP MP

The Hindu  

The High Court of Karnataka on Thursday stayed further criminal proceedings against BJP Lok Sabha member K. Sudhakar in connection with a case of seizure of ₹4.8 crore in cash in April from premises belonging to a voter residing in the Nelamangala police station limits a day prior to the elections held to the Chickballapur Lok Sabha constituency on April …

I-T refund fraud case: Enforcement Directorate attaches fresh assets
8 months, 3 weeks ago

I-T refund fraud case: Enforcement Directorate attaches fresh assets

The Hindu  

“The Enforcement Directorate has attached assets of various people, including the husband of an IPS officer, in connection with a money-laundering investigation linked to an alleged Income Tax refund fraud case of ₹263 crore in Maharashtra,” the agency said. The ED has provisionally attached a flat in Mumbai of Purushottam Chavan, land parcels in Lonavala and Khandala of Rajesh Brijlal …

₹264 cr fraudulent TDS refunds: ED attaches assets including Malabar Hill flat, lands in Khandala and Lonavala
8 months, 3 weeks ago

₹264 cr fraudulent TDS refunds: ED attaches assets including Malabar Hill flat, lands in Khandala and Lonavala

Hindustan Times  

Mumbai: The Enforcement Directorate has provisionally attached movable and immovable assets worth ₹14.02 crore in its money-laundering investigation linked to an alleged fraudulent withdrawal of TDS refunds totalling ₹263.95 crore from the Income Tax department. HT Image The attached assets comprise a flat in Malabar Hill, land parcels in Lonavala and Khandala, bank balances, insurance policies, and fixed deposits, estimated …

Income Tax raid: ₹56 cr cash seized from 3 footwear manufacturers in Agra
10 months, 1 week ago

Income Tax raid: ₹56 cr cash seized from 3 footwear manufacturers in Agra

Hindustan Times  

The investigation wing officials of the Income Tax department said that they had recovered ₹56 crore in cash from the premises of three footwear manufacturers in Agra. Apart from the cash recovery, we have been able to trace documents that exposed out-of-book business transactions by these three firms,” confirmed an I-T official involved in the search and seizure operation. Of …

Seizure of ₹3.99 crore | Madras High Court dismisses plea for a probe by ED under money laundering law
11 months, 1 week ago

Seizure of ₹3.99 crore | Madras High Court dismisses plea for a probe by ED under money laundering law

The Hindu  

The Madras High Court on Wednesday, April 24, 2024, dismissed a writ petition that sought a probe by the Enforcement Directorate with respect to the seizure of ₹3.99 crore from three train passengers at Tambaram railway station in Chennai on April 7, and another reported seizure of ₹28.5 lakh from the DMK Tirunelveli East district secretary’s office on April 4. …

Seizure of ₹3.99 crore | Madras High Court orders notice to ED on plea to take action against BJP’s Nainar Nagenthran and Congress’s C. Robert Bruce
11 months, 1 week ago

Seizure of ₹3.99 crore | Madras High Court orders notice to ED on plea to take action against BJP’s Nainar Nagenthran and Congress’s C. Robert Bruce

The Hindu  

The Madras High Court on Monday, April 22, 2024, ordered notice to Enforcement Directorate on a plea to take action under the Prevention of Money Laundering Act, 2002 with respect to the seizure of ₹3.99 crore from three train passengers at Tambaram railway station in Chennai on April 7, and another reported seizure of ₹28.5 lakh from DMK’s Tirunelveli East …

₹100 crore fraud: Hawala operators under ED scanner
11 months, 2 weeks ago

₹100 crore fraud: Hawala operators under ED scanner

Hindustan Times  

MUMBAI: The Enforcement Directorate has taken a few hawala operators specialising in crypto-currencies under its scanner as part of its money-laundering probe against a Dubai-based businessman and others who are accused of ₹100-crore fraud that involves the use of dubious financial schemes and forex trading to lure investors. The hawala traders under the scanner were allegedly used by the case’s …

Cash seizures from entities owned by Congress MP to be more than ₹350 crore
1 year, 3 months ago

Cash seizures from entities owned by Congress MP to be more than ₹350 crore

The Hindu  

Authorities estimate that an I-T cash seizure in Odisha is likely to be over ₹ 350 crore. The highest cash seizure was made in Sudapada locality of Balangir town where 176 bags containing currency notes of different denominations were traced. ₹ 305 crore in Balangir “We have so far counted ₹ 270 crore in Balangir branch of State Bank of …

I-T raid: Contractor’s son claims money came from land sale; BJP demands CBI probe
1 year, 5 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 …

₹11 crore cash seized during IT raids on Trinamool MLA
2 years, 2 months ago

₹11 crore cash seized during IT raids on Trinamool MLA

The Hindu  

The Income Tax department has seized cash worth ₹11.02 crore during raids on the residence and business establishments of Trinamool Congress leader and former West Bengal Minister Jakir Hossain. Mr. Hossain, a prominent businessman and beedi baron is an MLA from Jangipur Assembly seat in Murshidabad district. Reacting to the development, Mr. Hossain said that he tried to extend cooperation …

I-T Department detects unaccounted transactions involving over ₹1,000 crore during search on Ahmedabad-based group
3 years, 6 months ago

I-T Department detects unaccounted transactions involving over ₹1,000 crore during search on Ahmedabad-based group

The Hindu  

The Income Tax Department on Friday said that its searches on an Ahmedabad-based group, engaged primarily in the media and real estate sectors, had led to the detection of unaccounted transactions involving over ₹1,000 crore so far. “The group is among one of the prominent business houses of Gujarat engaged primarily in the media and real estate sectors. The media …

Top news of the day: Bodies of 17 jawans recovered from Chhattisgarh forest; Modi asks central teams to visit Maharashtra in view of its COVID-19 situation, and more
3 years, 11 months ago

Top news of the day: Bodies of 17 jawans recovered from Chhattisgarh forest; Modi asks central teams to visit Maharashtra in view of its COVID-19 situation, and more

The Hindu  

Sukma encounter | Bodies of 17 jawans recovered from the jungles, toll rises to 22 Police recovered bullet-riddled bodies of 17 jawans in the jungles of Chhattisgarh on April 4, raising to 22 the number of security personnel killed in a fierce gunbattle with Naxals the previous day — the biggest massacre in more than a year that also left …

I-T department recovers Rs 1 crore in cash from the house of AIADMK MLA's driver
4 years, 1 month ago

I-T department recovers Rs 1 crore in cash from the house of AIADMK MLA's driver

Op India  

The Income Tax Department officials have seized cash worth Rs 1 crore from the house of the driver of AIADMK MLA from Manapparai, R Chandrasekhar who is seeking a re-election from the constituency in the upcoming Assembly elections. The I-T Department had received a tip-off after which a team of the department led by a senior officer of the rank …

Congress party received ₹106 cr unaccounted cash, reveals IT Department
4 years, 4 months ago

Congress party received ₹106 cr unaccounted cash, reveals IT Department

Op India  

The Congress party, which has been under the watch of central investigative agencies over charges of receiving kickbacks in the Agusta Westland case, is now shrouded in yet another controversy. The Income Tax Department has revealed that the cashier at the old Congress headquarters on Akbar Road in New Delhi had received tranches of unaccounted cash between 2016 and 2019, …

I-T department searches Tamil Nadu education group, detects ₹150-cr tax evasion
4 years, 5 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," …

₹62 crore in cash seized following raids on hawala operatives in Delhi
4 years, 5 months ago

₹62 crore in cash seized following raids on hawala operatives in Delhi

India TV News  

At least Rs 62 crore in cash were seized by the Income Tax Department as as part of its multi-city tax evasion operation against hawala or entry operators and individuals who prepare fake bills in Delhi. In a statement issued on Tuesday, the Board had said that Rs 2.37 crore cash and jewellery worth Rs 2.89 crore was found along …

I-T Department seizes Rs 1.25 cr cash in UP and Bihar raids on businessman and bank chairman
4 years, 5 months ago

I-T Department seizes Rs 1.25 cr cash in UP and Bihar raids on businessman and bank chairman

Firstpost  

Though the CBDT did not identify those who were raided, sources said the businessman has links with a political party in election-bound Bihar New Delhi: The Income Tax Department has conducted searches in poll-bound Bihar and Uttar Pradesh against a businessman involved in mining and the hotel industry and the chairman of a “large” cooperative bank, the CBDT said on …

Poll officers seize Rs 2 crore from vehicle in Hunsur
5 years, 4 months ago

Poll officers seize Rs 2 crore from vehicle in Hunsur

Deccan Chronicle  

BENGALURU: Election officers seized Rs 2 crore carried in three sacks in a Bolero vehicle at the Manuganahalli check-post in Hunsur taluk at around 6.30pm Monday. Two of the four passengers in the vehicle, however, claimed to be MDCC bank employees transferring money from Mysuru to their bank in Periyapatna via Hunsur. Mysuru district officials said it appeared to be …

I-T Dept. seizes ₹12 crore from two safety vaults at Opera House
5 years, 5 months ago

I-T Dept. seizes ₹12 crore from two safety vaults at Opera House

The Hindu  

With the Assembly polls just days away, the Income Tax Department has made one of its biggest seizures of unaccounted cash. On Thursday, the I-T Department seized around ₹12 crore from two privately-owned safety vaults at Opera House in Charni Road. Sources said ₹5.27 crore was seized from Siddhi Safe Vaults Private Ltd. and ₹6.40 crore from Shree Mumbadevi Safe …

Indian Express, Times Now try to defend Kamal Nath, lie that BJP knew about the amount in IT raid in advance
5 years, 11 months ago

Indian Express, Times Now try to defend Kamal Nath, lie that BJP knew about the amount in IT raid in advance

Op India  

In the ongoing income tax raids being conducted across 50 locations connected to Madhya Pradesh chief minister Kamal Nath, till now, unaccounted cash amounting to Rs 281 crore has been detected. While the official figure came through a press release by the Income Tax department last night, the amount Rs 281 crore has been floating in the media as early …

Gujarat HC Upholds Admission To 105 MBBS Seats Through GUJCET [Read Judgment]
8 years, 6 months ago

Gujarat HC Upholds Admission To 105 MBBS Seats Through GUJCET [Read Judgment]

Live Law  

Gujarat High Court on Thursday upheld the decision of the State Government to allow admission to 105 Management Quota seats in 7 GMERS Colleges through GUJCET.The Bench comprising Chief Justice R. Subhash Reddy and Justice Vipul M. Pancholi was hearing petitions challenging the merging of management quota seats. Gujarat High Court on Thursday upheld the decision of the State Government …

Gujarat HC Upholds Admission To 105 MBBS Seats Through GUJCET [Read Judgment]
8 years, 6 months ago

Gujarat HC Upholds Admission To 105 MBBS Seats Through GUJCET [Read Judgment]

Live Law  

Gujarat High Court on Thursday upheld the decision of the State Government to allow admission to 105 Management Quota seats in 7 GMERS Colleges through GUJCET.The Bench comprising Chief Justice R. Subhash Reddy and Justice Vipul M. Pancholi was hearing petitions challenging the merging of management quota seats. Gujarat High Court on Thursday upheld the decision of the State Government …

News in numbers | Assets worth Rs330 crore seized in I-T raids till July this year
8 years, 7 months ago

News in numbers | Assets worth Rs330 crore seized in I-T raids till July this year

Live Mint  

Rs350 What is it? Tell me more: The demands of the unions include a minimum wage of ₹ 18,000 per month, social security for workers, increased pension of not less than ₹ 3,000 per month for all sectors and removal of foreign direct investment from railways, defence and other strategic sectors. The number of I-T raids and searches, seizures made …

Regularly routed cash through hawala, top Birla executive tells I-T
10 years, 2 months ago

Regularly routed cash through hawala, top Birla executive tells I-T

India TV News  

Regularly routed cash through hawala, top Birla executive tells I-T New Delhi: A top financial executive of the Aditya Birla Management Corporation Pvt Ltd has told the Income Tax department that officials of the company regularly routed large amounts of cash through ‘angadias' New Delhi: A top financial executive of the Aditya Birla Management Corporation Pvt Ltd has told the …

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