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Articles for Unaccounted, search results for business

Trading Income From Sale Of Scrips Can't Be Conferred As 'Unaccounted Income' If Trading Activity Is Not Disputed At Any Time: Ahmedabad ITAT
9 months, 1 week ago

Trading Income From Sale Of Scrips Can't Be Conferred As 'Unaccounted Income' If Trading Activity Is Not Disputed At Any Time: Ahmedabad ITAT

Live Law  

On finding that AO as well as the CIT was not right in making/confirming the addition on account of unaccounted business income, the Ahmedabad ITAT deleted the addition made by AO under the Income Tax Act, 1961. In response to the said notice, the assessee did not file the required details as mentioned in the assessment order, but the assessee …

Trading Income Bench Account Details Itat Assessee
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 …

Business Family Odisha Liquor Jharkhand Department Cash
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 …

Business Search Crore Entities
Jharkhand: I-T raids on 2 Cong MLAs, Rs 100-cr worth unaccounted transactions unearthed – India TV
2 years, 1 month ago

Jharkhand: I-T raids on 2 Cong MLAs, Rs 100-cr worth unaccounted transactions unearthed – India TV

India TV News  

I-T raids on Congress leaders: The Income-tax department has detected "unaccounted" transactions and investments worth more than Rs 100 crore after it raided two Jharkhand Congress MLAs, their alleged associates and linked coal and iron ore businesses across the state last week. The CBDT statement said the action was taken against "few business groups engaged in coal trading/transportation, execution of …

Congress Jharkhand Cash Ore Transactions Iron Ore Cbdt
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 …

200 Crore Group Cbdt
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 …

Income Crore 50 Crore Rs 50 Crore Unaccounted Income
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 …

Tamil Nadu Crore Group Cash Cbdt Unaccounted Undisclosed Income
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 …

Crore
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 …

Income Crore Tiles Cbdt Undisclosed Income 220 Crore Rs 220
Mumbai: I-T department finds Rs 1,500 crore unaccounted transactions in raid on gutka firm
3 years, 10 months ago

Mumbai: I-T department finds Rs 1,500 crore unaccounted transactions in raid on gutka firm

India Today  

The Income Tax department found unaccounted transactions worth around Rs 1500 crores riads conducted on offices and residences of a gutkha baron As per sources, the search and survey were conducted at properties belonging to the JMJ group across the country. Sachin Joshi has been arrested by ED in connection with the Omkar Realtors case as Rs 87 crores of …

India Search Company Crore Joshi Group Bvi
Tax Hunt on Sasikala's Kin and Associates: A Fourth Day of Searching
7 years, 1 month ago

Tax Hunt on Sasikala's Kin and Associates: A Fourth Day of Searching

India TV News  

Indian tax authorities are conducting a fourth day search operation at the premises of V.K. Sasikala's kin and associates in Tamil Nadu. The operation, which began on Sunday, is expected to resume on Monday. The search is part of an ongoing investigation into tax evasion by Sasikala and her associates. The authorities have seized documents and property documents from the …

Law Crime Investigation Tax Thanjavur