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 in a statement that ₹8.30 crore cash was seized during the raids on the group engaged in the business of manufacture and sale of tiles and sanitaryware. "Total undisclosed income detected so far comes to ₹220 crore," the CBDT alleged.

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History of this topic

Income Tax concludes raids at Uflex premises, traces undisclosed income worth crores
1 year, 9 months ago

Income Tax concludes raids at Uflex premises, traces undisclosed income worth crores

India Today  

The Income Tax department on Monday concluded its raid on the premises of packaging company Uflex after six days. The searches were conducted in more than 80 locations across the country by more than 900 income tax officials. The Income Tax Department team has sealed 28 bank lockers linked to the company and officials in different cities, which will be …

CBDT Notifies Authority To Share Info Of Income-Tax Assessees For Proper Implementation Of Welfare Schemes In Tamil Nadu
1 year, 10 months ago

CBDT Notifies Authority To Share Info Of Income-Tax Assessees For Proper Implementation Of Welfare Schemes In Tamil Nadu

Live Law  

The Central Board Of Direct Taxes has notified the Authority for sharing of information regarding income-tax assessees for Centrally The Central Board Of Direct Taxes has notified the Authority for sharing of information regarding income-tax assessees for Centrally The Secretary, Directorate of e-Governance, Government of Tamil Nadu has been notified by the Board empowered under Section 138 of the Income …

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 …

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 …

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 …

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 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 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 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 …

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," …

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 …

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