I-T department statement after raids on SP leaders says undisclosed income, property worth crores have been found
3 years, 3 months ago

I-T department statement after raids on SP leaders says undisclosed income, property worth crores have been found

Op India  

As the Samajwadi Party chief and former Uttar Pradesh Chief Minister Akhilesh Yadav is crying foul over the tax raid on his three aides, Income Tax Department is understood to have detected undisclosed assets worth hundreds of crores of rupees, as per reports. Referring IT department statement, the media reports have said that during searches against a Bengaluru-based Trust and its related entities unaccounted cash of Rs 1.12 crore was seized. The department has said that for the personal benefit of the trustees, Rs 80 Lakh cash was transferred to certain Kerala-based Trusts including Markazu Saquafathi Sunniyya Trust and Markaz Knowledge City Trust. Shell companies used to accommodate undisclosed assets IT department also carried search and seizure against a Kolkata-based entry operator who formed various shell companies to accommodate entries of bogus share capital of Rs 408 crore besides bogus unsecured loan of Rs 154 crore.

Bengaluru Income Tax Samajwadi Party Crore Department Rai Seizure Undisclosed Undisclosed Income Undisclosed Assets  worth  raids  bogus  statement  property  department  yadav  sp  rs  crores  undisclosed  leaders  crore  seizure  search  income  tax

History of this topic

Madhya Pradesh 'crorepati' ex-constable charged for hiding facts to secure job
4 days, 7 hours ago

Madhya Pradesh 'crorepati' ex-constable charged for hiding facts to secure job

India Today  

An ex-constable of the Madhya Pradesh transport department who was recently arrested for allegedly amassing crores of rupees has been booked for making false claims to get the job on compassionate grounds, police said on Saturday. Saurabh Sharma had hit the national headlines last year after the Lokayukta and Income Tax Department unearthed huge assets from his residence. Additional Superintendent …

I-T raids on Sri Chaitanya for collecting fees in cash
2 weeks, 1 day ago

I-T raids on Sri Chaitanya for collecting fees in cash

Deccan Chronicle  

Hyderabad: Income-tax officials on Monday raided Sri Chaitanya Educational Institutions and its corporate offices located at different places, including Hyderabad, Vijayawada, Mumbai, New Delhi, Chennai and Bengaluru, to probe allegations that the group was allegedly collecting fees from parents in cash to evade tax. Around 6 am on Monday, the I-T officials, along with the Central forces, arrived at the …

ED raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records
3 weeks, 2 days ago

ED raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records

India Today  

The Enforcement Directorate conducted raids on four premises linked to a Mumbai-based firm and its promoters in connection with a Rs 4,500 crore investment fraud case, in which approximately five lakh investors were duped, officials said on Monday. During the searches, various documents containing details of overseas assets currently being operated by family members of the main accused, the late …

Income Tax department finds ₹22,000 worth undeclared foreign assets in a special drive: Report
1 month, 1 week ago

Income Tax department finds ₹22,000 worth undeclared foreign assets in a special drive: Report

Live Mint  

The Income Tax department has reportedly found ₹22,000 crore during a drive against foreign assets, reported Economic Times. The income tax department has said that it has identified people with undisclosed foreign accounts or assets or foreign sourced income and sent notices to taxpayers who had filed their income tax returns without declaring these assets or income such as land …

ED attaches assets worth Rs 80 crore in money laundering case against pharma company
1 month, 3 weeks ago

ED attaches assets worth Rs 80 crore in money laundering case against pharma company

India Today  

The Enforcement Directorate attached immovable assets worth nearly Rs 80 crore in connection with a money laundering case against a pharmaceutical company. The ED began its investigation based on several FIRs filed by the Central Bureau of Investigation and the Anti-Corruption Bureau against Sharon Bio Medicine and others for allegedly committing fraud against banks by using bogus documents causing around …

Bengaluru techie loses Rs 11 crore to scammers posing as customs, ED officers
2 months, 1 week ago

Bengaluru techie loses Rs 11 crore to scammers posing as customs, ED officers

India Today  

A man working in the tech industry became the latest victim to a cyber scam and lost Rs 11 crore when fraudsters impersonating government officials called him and threatened to arrest him in a money laundering case. According to the police, the accused came to know that the victim, Vijay Kumar, had a market investment worth Rs 50 lakhs that …

Mylapore Hindu Fund scam: T.N. police assure expeditious relief to depositors
2 months, 2 weeks ago

Mylapore Hindu Fund scam: T.N. police assure expeditious relief to depositors

The Hindu  

The Economic Offences Wing of the Tamil Nadu police have assured the depositors in the scam involving the Mylapore Hindu Permanent Fund Nidhi Limited of expeditious relief. In a press release, the police said a preliminary charge sheet was filed before a special court on November 11, 2024, against the company and its directors. “As per the commitment of EOW, …

7 government officials among 8 booked as Lokayukta searches 38 locations
2 months, 2 weeks ago

7 government officials among 8 booked as Lokayukta searches 38 locations

Hindustan Times  

The Karnataka Lokayukta on Wednesday filed cases against eight government officials across the state for amassing disproportionate assets of worth ₹21.05 crore, including cash, gold, and immovable assets, which was far beyond their known sources of income. The raids were conducted in districts including Bengaluru, Chikkamagaluru, Bidar, Belagavi, Tumkur, Gadag, Bellary, and Raichur Lokayukta SP KP Anjali said: “Simultaneous raids …

Income Tax department recovers 52 kg gold, over ₹11 crore cash from Gwalior man’s abandoned SUV in Bhopal
3 months 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
3 months, 1 week 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 …

Lokayukta raids 50 places of 10 officials, recovers ₹48.55 crore
Trending News
3 months, 2 weeks ago

Lokayukta raids 50 places of 10 officials, recovers ₹48.55 crore

Hindustan Times  

The Lokayukta police carried out extensive raids across the state, targeting 10 government officials suspected of amassing disproportionate assets, on Tuesday. The simultaneous raids, conducted at over 50 locations in Bengaluru, Koppal, Chitradurga, Channapatna, and other areas, led to the discovery of assets worth ₹48.55 crore. The simultaneous raids, conducted at over 50 locations in Bengaluru, Koppal, Chitradurga, Channapatna, and …

Lokayukta police conduct raids across the State, book 8 officials
4 months, 1 week ago

Lokayukta police conduct raids across the State, book 8 officials

The Hindu  

The Lokayukta officials on Tuesday conducted search operations across the State against eight government officers and recovered movable and immovable assets to the tune of ₹22.5 crore, which, according to the officials, is disproportionate to their known sources of income. Officials found that Prakash possessed eight sites, six houses, and six acres of agricultural land valued at ₹3.97 crore, while …

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case
9 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
9 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 …

Madhya Pradesh: Indore Police raids contractors’ houses in Rs 125 crore fake bill scam case
10 months, 3 weeks ago

Madhya Pradesh: Indore Police raids contractors’ houses in Rs 125 crore fake bill scam case

India TV News  

The Indore Police has started tightening the noose on those involved in the alleged fake bill scam worth Rs 125 crore in the Municipal Corporation of Indore, the financial capital of Madhya Pradesh. Five companies, including Foundation Construction, Green Construction, King Construction, Kshitij Enterprises and Jhanvi Enterprises, presented more than 188 bills worth around Rs 125 crore in the Finance …

ED attaches Rs 98 cr assets of Raj Kundra, Shilpa Shetty
11 months, 1 week ago

ED attaches Rs 98 cr assets of Raj Kundra, Shilpa Shetty

New Indian Express  

NEW DELHI: The Enforcement Directorate said on Thursday that it has attached movable and immovable properties worth Rs 97.79 crore belonging to Bollywood actor Shilpa Shetty and her husband Raj Kundra in connection with of a money-laundering case. The properties include a residential flat in Juhu, which is in the name of Shilpa Shetty, another residential bungalow in Pune and …

Properties over Rs 140 crore found in Telangana official's premises
1 year, 2 months ago

Properties over Rs 140 crore found in Telangana official's premises

Op India  

On 24th January, the Telangana Anti-Corruption Bureau discovered assets valued at around Rs 100 crore and Rs 40 lakh in cash at a Hyderabad residence and offices linked to a town planning officer. The Income Tax department seized nearly Rs 300 crore in cash from the premises of a distillery company in Odisha’s Balangir that belonged to the brother of …

IT department says its searches resulted in seizure of ₹351 crore of unaccounted cash
1 year, 3 months 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 …

I-T raids on Congress MP Dhiraj Sahu: Over 448 crores seized in Odisha, 60 kg of gold found too
1 year, 3 months ago

I-T raids on Congress MP Dhiraj Sahu: Over 448 crores seized in Odisha, 60 kg of gold found too

Op India  

The massive I-T raids on Jharkhand Congress MP entered its 6th day on 11th December. Income Tax officials continued their operations on Baldev Sahu and Sons Pvt Ltd, a liquor manufacturing and trading company linked to Boudh Distilleries Pvt Ltd, all run by family members and relatives of Dhiraj Sahu. Odisha media has reported that so far, a total of …

Income-tax Officials Raid BRS, Congress Candidates in Telangana
1 year, 3 months 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 …

Karnataka: I-T dept seizes Rs 94 cr cash, jewellery after raids on govt contractors, realty developers
1 year, 5 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, 5 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, 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 …

I-T raids: D.K. Shivakumar calls it political vendetta; BJP says money was ‘commission’ meant to fund Telangana polls
1 year, 5 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, 5 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, 5 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 …

Lalu Yadav, family's assets worth Rs 6 crore seized in land-for-jobs scam case
1 year, 7 months ago

Lalu Yadav, family's assets worth Rs 6 crore seized in land-for-jobs scam case

India TV News  

Bihar: In yet another setback for Lalu Prasad Yadav, the Enforcement Directorate has seized assets worth Rs 6 crore of Bihar's former Chief Minister in land-for-job scam case. The assets include Lalu Yadav family properties in Delhi and Patna, including a residential house in New Friends Colony. The ED has recorded the statement of Prasad's wife and former Bihar chief …

Probe agency seizes Rs 1.3 crore cash after raids in fake website scam case
1 year, 8 months ago

Probe agency seizes Rs 1.3 crore cash after raids in fake website scam case

India Today  

The Enforcement Directorate on Saturday seized cash amounting to Rs 1.3 crore and froze bank accounts with balances of Rs 15.8 lakh after raids at multiple locations in Delhi, Madhya Pradesh, and Maharashtra in connection with a fake website scam. The investigation was initiated by the ED based on a First Information Report registered by Uttarakhand Police against various people …

ED seizes assets worth over Rs 121 crore in Pune bank fraud case
1 year, 10 months ago

ED seizes assets worth over Rs 121 crore in Pune bank fraud case

India Today  

The Enforcement Directorate has provisionally attached 47 immovable properties worth Rs 121.81 crore in Pune and movable assets worth Rs 54.25 lakh of Devi Concrete Products under the provisions of the Prevention of Money Laundering Act, 2002. The ED initiated the PMLA investigation based on a predicate FIR at Pune’s Vimantal Police station against Vinay Aranha of the Rosary Education …

Land-for-jobs case: CBI searches premises linked to RJD legislators
1 year, 10 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 …

IT dept finds ₹1 crore on tree during raids at Cong leader’s brother’s home
1 year, 10 months ago

IT dept finds ₹1 crore on tree during raids at Cong leader’s brother’s home

Live Mint  

The Income Tax Department on Thursday raided the residence of the Karnataka Congress leader's brother who has allegedly hidden ₹1 crore cash in a tree. Subramania Rai, brother of Karnataka Congress leader Ashok Kumar Rai was raided by IT department officials. The visuals which went viral on social media platforms show that the IT department officials were recording the video …

ED seizes ’incriminating data’ of Byju’s over alleged forex law violations
1 year, 10 months ago

ED seizes ’incriminating data’ of Byju’s over alleged forex law violations

Live Mint  

According to a statement made earlier today by the Directorate of Enforcement, three Bengaluru premises related to the education platform Byju and its billionaire CEO Byju Raveendran have undergone searches and seizures for possible violations of the nation's foreign exchange rules. The searches under alleged foreign exchange law violations revealed that Think and Learn Private Limited, Byju's parent firm, had …

I-T search in Karnataka's co-op banks reveals fund routing worth ₹1,000 crore
1 year, 11 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 …

Land-for-jobs scam: Bihar Deputy CM Tejashwi Yadav likely appear before ED today
1 year, 11 months ago

Land-for-jobs scam: Bihar Deputy CM Tejashwi Yadav likely appear before ED today

India TV News  

Land-for-jobs scam: Bihar Deputy Chief Minister Tejashwi Yadav is likely to appear before the Enforcement Directorate in the national capital today for questioning in connection with a case related to the alleged land-for-jobs scam. The ED lodged a separate case under the criminal sections of the Prevention of Money Laundering Act based on the CBI FIR and it is expected …

Land-for-jobs case: Tejashwi alleges sisters' jewellery was taken off &….
2 years ago

Land-for-jobs case: Tejashwi alleges sisters' jewellery was taken off &….

Hindustan Times  

Three days after the raids on Bihar deputy chief minister Tejashwi Yadav and his family members' house in multiple states in connection with the alleged land-for-job scam, Yadav on Monday again rubbished the Enforcement Directorate's claim of detecting proceeds of crime amounting to “ ₹600 crore” and alleged that "used jewellery" of his married sisters and their in-laws was photographed …

\'Rumours\': Tejashwi on ED claims of Rs 600 cr \'proceeds of crime\' detected in raids
2 years ago

\'Rumours\': Tejashwi on ED claims of Rs 600 cr \'proceeds of crime\' detected in raids

Deccan Chronicle  

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

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

ED says ₹1 crore in unaccounted cash seized, ₹600 crore in proceeds of crime detected in raids against Lalu family
2 years ago

ED says ₹1 crore in unaccounted cash seized, ₹600 crore in proceeds of crime detected in raids against Lalu family

The Hindu  

The ED on March 11 said it has seized “unaccounted cash” of ₹1 crore, and detected proceeds of crime worth ₹600 crore after it raided RJD chief Lalu Prasad’s family in connection with the railways land for job ‘scam’ linked money laundering case. The ED had launched raids on March 10 at multiple locations linked to Prasad’s family members including …

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

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case
2 years ago

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case

India Today  

The Enforcement Directorate conducted a day-long raid on over eight locations linked to several businessmen and entry operators in Maharashtra’s Nagpur in connection with an alleged Rs-1,000 crore investment fraud case on Friday. According to sources, the case is related to an investment fraud-cum-money laundering racket run by Pankaj Mehadia and his accomplices where they duped investors of hundreds of …

I-T Raids at TMC MLA's Properties, Rs 11 Crore in Cash Seized
2 years, 2 months ago

I-T Raids at TMC MLA's Properties, Rs 11 Crore in Cash Seized

News 18  

The Income Tax Department seized Rs 11 crore in cash from properties linked to West Bengal TMC MLA Jakir Hossain in Murshidabad, Kolkata and New Delhi, an official said on Thursday. Hossain said the tax officials seized “a little money” from his residence which was meant to purchase rice from rice mills. Last year, nearly Rs 50 crore in cash …

IT officials found cash at Prabhakar Reddy, raids on pharma company in Choutupal
2 years, 4 months 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, 6 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, 6 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, 7 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 …

Raids In Film Producers' Residences: Undisclosed Income Of Rs 26 Seized During Searches, Says CBDT
2 years, 7 months ago

Raids In Film Producers' Residences: Undisclosed Income Of Rs 26 Seized During Searches, Says CBDT

ABP News  

Chennai: Undisclosed cash of Rs 26 crores and unaccounted gold jewelry exceeding Rs 3 crores have been seized during the searches at 40 premises related to producers, distributors and financiers across Tamil Nadu, said Income Tax Department on Saturday. In a release, as per ANI, Central Board of Direct Taxes said, “IT department carried out search and seizure operations on …

IT Dept raids two Tamil Nadu business groups, detects undisclosed income
2 years, 8 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
3 years 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
3 years 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 …

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