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 arm of the group comprises electronics, digital as well as print media, while the real estate arm comprises affordable housing projects and urban civic infrastructure. Evidence of on-money transactions in real estate projects and land deals, in excess of ₹350 crore, were also found along with corroborative documents, said the I-T Department.

Crore  1000  searches  media  crore  sectors  detects  worth  transactions  unaccounted  estate  search  group  real  ahmedabadbased  involving  department

History of this topic

Income Tax department recovers 52 kg gold, over ₹11 crore cash from Gwalior man’s abandoned SUV in Bhopal
4 days, 4 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 …

ED seizes assets worth ₹3.9 crore in money laundering probe
1 week, 4 days ago

ED seizes assets worth ₹3.9 crore in money laundering probe

Hindustan Times  

Mumbai: The Enforcement Directorate has seized movable assets worth approximately ₹3.9 crore during searches in Mumbai, Delhi and Gurgaon as part of its money laundering investigation into Dentsu Communications India Private Limited and Suumaya Industries Ltd and their promoters. The agency's investigation stems from a Worli police case against the accused for allegedly embezzling ₹137 crore from certain non-banking financial …

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore
2 weeks, 3 days ago

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office, on Friday searched seven premises in Ahmedabad and Mumbai, and seized ₹13.5 crore in cash. The search operation was conducted in connection with the Malegaon money laundering case in which the accused had allegedly misused accounts opened with the Nashik Merchant Co-operative Bank to withdraw ₹196 crore over five months. 295/2024 dated November 7, …

ED raids 13 locations in money laundering probe against Bihar IAS officer
Trending News
2 weeks, 5 days ago

ED raids 13 locations in money laundering probe against Bihar IAS officer

India Today  

The Enforcement Directorate conducted searches at 13 locations across Delhi, Gurgaon, Kolkata, Jaipur, and Nagpur on 3 December as part of a money laundering investigation involving IAS officer Sanjeev Hans and others. The searches uncovered shares worth Rs 60 crore in Demat accounts belonging to family members of a close associate of Hans, who is currently in judicial custody. Shares …

ED seizes assets worth ₹333.82 crore in cooperative society fraud case
1 month, 2 weeks ago

ED seizes assets worth ₹333.82 crore in cooperative society fraud case

Hindustan Times  

Mumbai: The Enforcement Directorate's Mumbai zonal office has provisionally attached assets worth ₹333.82 crore in a money-laundering investigation involving alleged fraud at Dnyanradha Multistate Co-operative Credit Society Ltd. The Enforcement Directorate's Mumbai zonal office has provisionally attached assets worth ₹ 333.82 crore in a money-laundering investigation. The ED's investigation revealed that DMCSL's management allegedly embezzled funds by fraudulently diverting ₹2,467.89 …

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case
6 months ago

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case

The Hindu  

Bank and demat account deposits apart from cash worth about ₹37 crore has been seized by the Enforcement Directorate as part of a money-laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of ₹600 crore through a Ponzi scheme. The Enforcement Directorate case of money-laundering stems from a Mumbai Police FIR that …

Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case
6 months ago

Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case

Deccan Chronicle  

New Delhi: Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the ED as part of a money laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of Rs 600 crore through a Ponzi scheme.The federal agency said on Sunday that the action was …

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 …

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 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 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, 2 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 …

ED seizes Rs 25.8 crore following raids in Maharashtra in money laundering case
1 year, 4 months ago

ED seizes Rs 25.8 crore following raids in Maharashtra in money laundering case

India TV News  

The Enforcement Directorate seized cash and jewellry worth Rs 25.81 crores following raids carried out across 13 locations in Maharashtra in connection to a money laundering case, informed officials on Saturday. During the search operation conducted on Thursday, ED seized a large number of incriminating documents along with 39.33 kg of gold and diamond jewellry worth Rs 24.7 crore and …

Land-for-jobs case: CBI searches premises linked to RJD legislators
1 year, 7 months ago

Land-for-jobs case: CBI searches premises linked to RJD legislators

The Hindu  

The Central Bureau of Investigation on Tuesday searched nine premises linked to Rashtriya Janata Dal MLA Kiran Devi and Rajya Sabha member Prem Chand Gupta, in connection with the alleged land-for-job scam involving former Railway Minister Lalu Prasad Yadav and others, according to an agency official. The CBI had registered the First Information Report based on the findings of a …

I-T raids Mythri Movie Makers', director Sukumar's residence
1 year, 8 months ago

I-T raids Mythri Movie Makers', director Sukumar's residence

Deccan Chronicle  

Hyderabad: A team of Income Tax officials from New Delhi raided the offices of Telugu film production company Mythri Movie Makers' headquarters for allegedly breaking investment regulations by bringing in funds from abroad for the second time in less than four months after December 2022. The IT officials also raided residences of Mythri Movie Makers', including Erneni Naveen, Cherukuri Mohan, …

I-T search in Karnataka's co-op banks reveals fund routing worth ₹1,000 crore
1 year, 8 months ago

I-T search in Karnataka's co-op banks reveals fund routing worth ₹1,000 crore

Hindustan Times  

The Income Tax Department recently conducted search and seizure operations in several cooperative banks in Karnataka and found them to be engaged in the routing of funds of various business entities of their customers to abet them to evade their tax liabilities. The search action also resulted in the seizure of unaccounted cash of over ₹ 3.3 crore and unaccounted …

17 crore citizens' data leaked, details sold at ₹2k: T'gana Cops
1 year, 8 months ago

17 crore citizens' data leaked, details sold at ₹2k: T'gana Cops

Hindustan Times  

The Cyberabad Police in Telangana have recently busted a gang involved in the data theft and sale of sensitive information of government and important organisations. The arrested seven members of the gang allegedly stole details of 2.55 lakh defence personnel and 16.8 crore citizens of India, PTI reported. Cyberabad Police commissioner M Stephen Raveendra was quoted by PTI as saying …

‘Rumours’, says Tejashwi on ED claims of ₹600 crore ‘proceeds of crime’ detected during raids
1 year, 9 months ago

‘Rumours’, says Tejashwi on ED claims of ₹600 crore ‘proceeds of crime’ detected during raids

The Hindu  

Bihar Deputy Chief Minister Tejashwi Yadav has dubbed as "rumours" the claim of the Enforcement Directorate that proceeds of crime amounting to ₹600 crore were detected during searches on premises owned by him and close family members. "Just recall, in 2007, transactions worth ₹8,000 crore, including a mall and hundreds of land plots, were alleged," tweeted Mr. Yadav, in an …

₹1 cr cash, ₹600 cr crime proceeds found in raids: ED on land-for-jobs scam
1 year, 9 months ago

₹1 cr cash, ₹600 cr crime proceeds found in raids: ED on land-for-jobs scam

Live Mint  

The Enforcement Directorate has seized "unaccounted cash" worth ₹1 crore during raids against former Bihar Chief Minister Lalu Prasad's family. The probe body said on Saturday that it had also detected proceeds of crime worth ₹600 crore as it probes the railways land for job 'scam' linked money laundering case. Raids were also conducted at the residence of Lalu Prasad's …

Land-for-job case | Enforcement Directorate says trail of ₹600 crore detected
1 year, 9 months ago

Land-for-job case | Enforcement Directorate says trail of ₹600 crore detected

The Hindu  

The Enforcement Directorate on Saturday said that the searches in connection with the land-for-job money laundering case resulted in the detection of “proceeds of crime” currently amounting to ₹600 crore and seized unaccounted cash of ₹1 crore. “Searches resulted in the detection of proceeds of crime amounting to ₹600 crore approximately at this point of time,.in the form of immovable …

IT officials found cash at Prabhakar Reddy, raids on pharma company in Choutupal
2 years, 1 month ago

IT officials found cash at Prabhakar Reddy, raids on pharma company in Choutupal

Deccan Chronicle  

Hyderabad: The income-tax department officials allegedly found unaccounted cash worth Rs 80 lakh in the possession of minister G. Jagadish Reddy's personal assistant Prabhakar Reddy during the search operations held on Monday. It was also reported that the I-T officials verified the bank account transactions and digital payments of Prabhakar Reddy in recent days. Sources said that as Prabhakar Reddy …

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 …

I-T raids continue on Phoenix firm
2 years, 3 months ago

I-T raids continue on Phoenix firm

Deccan Chronicle  

Hyderabad: The Income-Tax raids on realty major Phoenix seem to be an unending saga with the searches continuing even after a week and are expected to go on for a few more days. Amidst rumours about the group’s strong nexus with the who’s who in the two Telugu states, top sources told Deccan Chronicle that I-T sleuths had been verifying …

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 conducts searches on big firms in Rajasthan, Maharashtra
2 years, 4 months ago

Income Tax dept conducts searches on big firms in Rajasthan, Maharashtra

Live Mint  

The Income Tax Department carried out a search operation in various locations in Maharashtra and Rajasthan. The department conducted searches on two major groups engaged in the manufacturing of steel TMT Bars spread over Jalna, Aurangabad, Nashik, and Mumbai. Maharashtra: In Maharashtra, the IT department carried out searches on two major groups engaged in the manufacturing of steel TMT Bars. …

Bollywood style I-T raid in Maharashtra, assets worth ₹390 crore recovered
2 years, 4 months ago

Bollywood style I-T raid in Maharashtra, assets worth ₹390 crore recovered

Live Mint  

The Income Tax Department officials recently conducted raids in Maharashtra's Jalna and Aurangabad districts in a Bollywood movie style and uncovered 390 crore illegal assets in eight days of raids. They arrived in wedding cars with stickers attached 'Dulhan Hum Le Jayenge stickers' on August 1, reported Zee News. The unaccounted assets seized include 58 crores in cash, 32 kg …

Rs 50 Crore Cash, Rs 5 Crore Gold and Coded Diaries: The Bengal Scam Haul So Far. And Counting?
2 years, 4 months ago

Rs 50 Crore Cash, Rs 5 Crore Gold and Coded Diaries: The Bengal Scam Haul So Far. And Counting?

News 18  

The political snowstorm over the West Bengal School Service Commission scam has snowballed to the extent that leaders within Partha Chatterjee’s Trinamool Congress are demanding the sacking of the state minister arrested by the Enforcement Directorate. The alleged irregularities pertain to recruitment of Group C and D staff as well as teachers in government- As the TMC tries to navigate …

IT Dept raids two Tamil Nadu business groups, detects undisclosed income
2 years, 5 months ago

IT Dept raids two Tamil Nadu business groups, detects undisclosed income

India TV News  

The Income Tax Department on Tuesday said that it carried out search and seizure operations on July 6 on two business groups of Tamil Nadu engaged in the business of civil contracts, real estate, and advertising. The undisclosed income of the groups detected so far is estimated at more than Rs 500 crore, an official said. The preliminary examination of …

I-T Dept raids Kanpur-based tobacco manufacturer, recovers Rs 50 lakh cash
2 years, 9 months ago

I-T Dept raids Kanpur-based tobacco manufacturer, recovers Rs 50 lakh cash

India Today  

The Income Tax Department on Tuesday conducted raids at various premises linked to a Kanpur-based businessman, Shishir Awasthi. Shishir Awasthi is the owner of Upmanyu Group Of Industries, a manufacturer and supplier of raw materials to big tobacco companies. As per sources, the raids were conducted after the agency received input that Upmanyu Group Of Industries was involved in under-billing …

I-T Dept. accuses multinational group of tax evasion
2 years, 9 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 …

Noida: Rs 50 lakh seized from realtor during I-T raids, transactions worth Rs 10 cr detected
2 years, 10 months ago

Noida: Rs 50 lakh seized from realtor during I-T raids, transactions worth Rs 10 cr detected

India Today  

Continuing its crackdown, the Income Tax Department sleuths conducted search operations at properties belonging to a real estate businessman in Noida. According to the ANI report, the I-T department seized Rs 50 lakh cash and documents of property deal worth over Rs 10 Crores from SD Properties in Noida. Uttar Pradesh: I-T Dept seized Rs 50 Lakhs cash and documents …

I-T dept searches Chinese telecom major Huawei\'s office in Delhi, Bengaluru
2 years, 10 months ago

I-T dept searches Chinese telecom major Huawei\'s office in Delhi, Bengaluru

Deccan Chronicle  

New Delhi: The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei in the country as part of a tax evasion investigation, official sources said on Wednesday. Sources said the officials looked at financial documents, account books and company records as part of a tax evasion investigation against the company, its Indian businesses and overseas transactions. …

Income Tax department continues search and seizure operations in UP ahead of Assembly polls
2 years, 10 months ago

Income Tax department continues search and seizure operations in UP ahead of Assembly polls

India Today  

Search operations are underway in various districts of Uttar Pradesh ahead of the state Assembly elections. The Income Tax department conducted searches at the premises of Kanpur-based jeweller Rajender Aggarwal in Swaroop Nagar and Civil Lines on Monday. The I-T department also conducted searches at his Sona-Chandi showroom on Birhana road. READ: Nirmala Sitharaman attacks Akhilesh Yadav over I-T raids …

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, …

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 …

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 …

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 …

CBDT claims ₹2,200-cr ’fictitious transactions’ after I-T raids on media group
3 years, 5 months ago

CBDT claims ₹2,200-cr ’fictitious transactions’ after I-T raids on media group

Live Mint  

The CBDT on Saturday claimed to have detected "fictitious transactions" of ₹2,200 crore after the Income Tax Department carried out multi-city raids against the Dainik Bhaskar media group early this week. The CBDT statement alleged that the group has more than 100 companies including the holding and subsidiary companies and that they have been operating several companies in the names …

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 …

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 …

Tamil Nadu: I-T dept unearths over ₹450 crore unaccounted cash
4 years ago

Tamil Nadu: I-T dept unearths over ₹450 crore unaccounted cash

Live Mint  

The Income Tax Department has conducted searches on 27 November in the case of an IT SEZ developer, its ex-Director and a prominent stainless-steel supplier in Chennai. The evidences unearthed include unaccounted assets worth about ₹100 crore, accumulated by the ex-Director and his family members in the last three years. The search further unearthed that the IT SEZ developer claimed …

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 …

Bank Fraud Case: ED Raids Ahmedabad-based True Value Group, Seizes Rs 6 Crore
4 years, 1 month ago

Bank Fraud Case: ED Raids Ahmedabad-based True Value Group, Seizes Rs 6 Crore

News 18  

The Enforcement Directorate on Saturday said it has carried out searches at six locations belonging to an Ahmedabad-based True Value group and another firm and seized around Rs 6 crore in connection with a bank fraud case. The agency carried out searches at the residential and office premises of the firm True Value Group and another Vipul and Manish Associates …

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 …

I-T department searches Tamil Nadu education group, detects ₹150-cr tax evasion
4 years, 1 month 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," …

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