Income Tax dept detects Rs 100-cr black income after raids on Gujarat group
3 years, 1 month ago

Income Tax dept detects Rs 100-cr black income after raids on Gujarat group

India TV News  

Highlights IT dept detects Rs 100-cr unaccounted income after raids on Gujarat group The Gujarat company is engaged in manufacturing of chemicals and in real estate The searches were carried out at more than 20 premises located in Vapi, Mumbai, others. The Income Tax Department has detected Rs 100 crore unaccounted income after it recently raided a Gujarat company engaged in manufacturing of chemicals and in real estate. ".incriminating evidences in the form of documents, diary notings and digital data showing earning of huge unaccounted income by the group and its investment in assets have been seized," the CBDT said in a statement. ALSO READ: ​Income Tax department detects black income of Rs 50 crore after raids in Rajasthan

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History of this topic

Income Tax department recovers 52 kg gold, over ₹11 crore cash from Gwalior man’s abandoned SUV in Bhopal
3 days, 13 hours ago

Income Tax department recovers 52 kg gold, over ₹11 crore cash from Gwalior man’s abandoned SUV in Bhopal

Live Mint  

The Income Tax department and police seized 52 kg of gold bars worth ₹40 crore, along with over ₹11 crore in cash, from an abandoned SUV on Kushalpura road in Bhopal, Madhya Pradesh, on Friday. “A person informed Ratibad police station that an Innova Crysta was standing unclaimed on the Kushalpura road for a long time and about seven to …

IT department says its searches resulted in seizure of ₹351 crore of unaccounted cash
1 year ago

IT department says its searches resulted in seizure of ₹351 crore of unaccounted cash

The Hindu  

The Income Tax Department, which had carried out simultaneous searches in Odisha, Jharkhand, and West Bengal in the first week of December, said ‘unaccounted’ cash amounting to more than ₹351 crore was discovered during raid. The IT department for the first issued an official statement which said, “The search operation has resulted in the seizure of undisclosed cash amounting to …

Tax raids at Congress MP's premises continue in Odisha, Jharkhand; more cash seized
1 year ago

Tax raids at Congress MP's premises continue in Odisha, Jharkhand; more cash seized

India Today  

Tax raids continued at the premises of Congress leader and Rajya Sabha MP Dheeraj Sahu in Odisha and Jharkhand on Saturday, even as more than Rs 200 crore of unaccounted cash has been recovered so far. In the latest development, the Income Tax teams seized three more bags from Dheeraj Sahu's premises in Ranchi, while nearly 19 bags of money …

Karnataka: I-T dept seizes Rs 94 cr cash, jewellery after raids on govt contractors, realty developers
1 year, 2 months ago

Karnataka: I-T dept seizes Rs 94 cr cash, jewellery after raids on govt contractors, realty developers

India TV News  

Karnataka: The Income Tax department seized Rs 94 crore cash, gold, and diamond jewellery worth Rs 8 crore and 30 luxury watches of foreign make after raiding some government contractors and real estate developers in Karnataka and some other states. "The search has resulted in the seizure of unaccounted cash of approximately Rs 94 crore and gold and diamond jewellery …

I-T department detects Rs 250 cr 'undisclosed' income after raids on 2 realty groups of Kolkata
2 years, 3 months ago

I-T department detects Rs 250 cr 'undisclosed' income after raids on 2 realty groups of Kolkata

India TV News  

I-T raids: The income tax department has found "undisclosed" income of more than Rs 250 crore after it raided two "prominent" real estate groups based in Kolkata, West Bengal, the CBDT said on Wednesday. The department gathered "evidences of out-of-books cash transactions and on-money receipts and several documents and electronic data indicate routing of unaccounted money through shell companies". "The …

Uttar Pradesh: Income Tax Department conducts searches, over Rs 15 crore cash seized
2 years, 4 months ago

Uttar Pradesh: Income Tax Department conducts searches, over Rs 15 crore cash seized

India TV News  

Highlights I-T Department carried out search operation on premises of Jhansi-based business group The business group is engaged in civil contract and real estate development in UP The search operation was launched on August 3 which covered around 30 premises Uttar Pradesh news : The Income Tax Department has said that it had carried out a search operation on the …

Income Tax dept detects Rs 86 crore undisclosed income after raids on SP leaders, others in UP, K'taka
3 years ago

Income Tax dept detects Rs 86 crore undisclosed income after raids on SP leaders, others in UP, K'taka

India Today  

The Income Tax Department said it has detected undisclosed income of Rs 86 crore after conducting raids on several Samajwadi Party leaders and others in Uttar Pradesh and Karnataka. The Income Tax raids were carried out on Samajwadi Party functionary Rajeev Rai in Mau, Manoj Yadav in Mainpuri and Jainendra Yadav in Lucknow of Uttar Pradesh, sources said. UNDISCLOSED INCOME, …

Black Income of Rs 200 Crore Found After Raids on Pune Business Group: CBDT
3 years, 1 month ago

Black Income of Rs 200 Crore Found After Raids on Pune Business Group: CBDT

News 18  

The income tax department has detected unaccounted income of over Rs 200 crore after it raided a Pune-based business group engaged in the manufacturing of heavy machinery like excavators and cranes, the CBDT claimed on Tuesday. “The search action has resulted in seizure of unaccounted cash and jewellery of Rs 1 crore and three bank lockers have been placed under …

Income Tax department detects black income of Rs 50 crore after raids in Rajasthan
3 years, 1 month ago

Income Tax department detects black income of Rs 50 crore after raids in Rajasthan

India TV News  

The Income Tax department detected unaccounted income of over Rs 50 crore following raids on sand mining, liquor trade and real estate businesses in the border districts of Rajasthan. The action has led to the detection of total unaccounted income exceeding Rs 50 crore. Out of the above, the assessees have admitted unaccounted income exceeding Rs 35 crore and offered …

Rs 300 Crore Black Income Found After Raids on Tamil Nadu Poultry Farming Group
3 years, 1 month ago

Rs 300 Crore Black Income Found After Raids on Tamil Nadu Poultry Farming Group

News 18  

The Income Tax Department has detected unaccounted income of over Rs 300 crore after it recently raided a Tamil Nadu-based group involved in manufacturing of animal feed and export of egg products, the CBDT said on Tuesday. Forty premises of the unnamed group in Tamil Nadu, Kerala and Karnataka were searched on October 27. ”Seized documents indicate that the group …

I-T dept detects Rs 250 crore black money after raiding 2 business groups in Tamil Nadu
3 years, 2 months ago

I-T dept detects Rs 250 crore black money after raiding 2 business groups in Tamil Nadu

India TV News  

The Income Tax Department has detected undisclosed income of more than Rs 250 crore during searches against two business groups involved in silk sarees trade and chit fund in Tamil Nadu, the CBDT said on Sunday. "The group had also earned unaccounted interest income from cash financing and had huge unaccounted investments and expenses," the CBDT said. The CBDT said …

I-T department detects Rs 300 crore black money after raiding 2 Chennai financing groups
3 years, 2 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 detects unaccounted transactions involving over ₹1,000 crore during search on Ahmedabad-based group
3 years, 3 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 …

IT Dept Claims Rs 1,000-crore Black Income After Raids on TN Jewellery, Bullion Group
3 years, 9 months ago

IT Dept Claims Rs 1,000-crore Black Income After Raids on TN Jewellery, Bullion Group

News 18  

The Income Tax Department has detected undisclosed income of over Rs 1,000 crore after it raided a "leading" bullion trader and south India's "biggest" jewellery retailer based in election-bound Tamil Nadu, the CBDT claimed on Sunday. "The evidences found in the premises of the bullion trader revealed that there were unaccounted cash sales, bogus cash credits from its branches, cash …

Income Tax raids ceramic tiles magnate in Chennai, undisclosed income worth ₹220 cr found
3 years, 9 months ago

Income Tax raids ceramic tiles magnate in Chennai, undisclosed income worth ₹220 cr found

Hindustan Times  

The Income Tax Department has detected undisclosed income of about ₹220 crore after it raided a leading tiles and sanitaryware manufacturer based in Chennai, the CBDT said. The Central Board of Direct Taxes, that frames policy for the tax department, meanwhile, said it was fully prepared to check and monitor the role of money in influencing voters. The CBDT said …

IT dept detects Rs 220 crore black income after raids on TN-based tiles manufacturer
3 years, 9 months ago

IT dept detects Rs 220 crore black income after raids on TN-based tiles manufacturer

India TV News  

The Income Tax Department has detected undisclosed income of about Rs 220 crore after it raided leading tiles and sanitaryware manufacturer based in Chennai. The CBDT said in a statement that Rs 8.30 crore cash was seized during the raids on the group engaged in the business of manufacture and sale of tiles and sanitaryware. This is in addition to …

I-T Dept Detects Rs 200-crore Evasion After Raids at Three 'Leading' Entities in Assam
3 years, 10 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 …

Tax department searches Chennai-based group for undisclosed income
4 years, 1 month ago

Tax department searches Chennai-based group for undisclosed income

Live Mint  

NEW DELHI: The Income Tax department has detected unaccounted income of ₹1,000 crore during a search conducted on a Chennai-based group, said an official statement on Saturday. The group, operating in the IT infrastructure sector,has foreign assets, which are not disclosed in its income tax return, the department said, adding that searches were carried out on Wednesday at five locations …

I-T Dept Detects Rs 75 Crore Unaccounted Income After Raids on Traders in Poll-bound Bihar
4 years, 1 month 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 …

₹62 crore in cash seized following raids on hawala operatives in Delhi
4 years, 1 month 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 …

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