raid

The Income Tax raid at Priyanka Chopra's premises has revealed that the Bollywood actor has unaccounted assets worth Rs six crore, a senior official said today. Full Article

The Income Tax department today raided business establishments and residences of prominent pan-masala and gutkha manufacturers in 14 states. The raids were conducted on 69 premises related with manufacturers of the tobacco products, sources said. Full Article

The tax authorities have been rapped by the Delhi high court for attempting to snoop on some companies, including Maytas, although they were not the suspected evaders. Terming a search and seizure operation conducted by the Income Tax department as a ‘serious invasion of the privacy and freedom of the citizen,’ the Delhi high court [...] Full Article

After a gap of two years the CBI today conducted coordinated nationwide anti-corruption drive, covering various PSUs, CPOs and revenue department officers. All the 16 Zones of the agency coordinated their efforts and booked 67 cases. From the Revenue Department, just one ITO was raided during the operation. In Delhi, 8 cases were registered in [...] Full Article

The income-tax department has the right to carry out a raid and attach property, if it has reason to suspect that income is likely to escape tax net in absence of prompt action, a division bench of the Bombay High Court has ruled. The division bench, comprising Justice Ranajana Desai and Justice JP Deodhar, passed [...] Full Article

Harried investors of Pramod Agrawal’s Mahadeo Developers Private Limited and Kalamna Market Urban Credit Cooperative Society gathered in front of the income tax office at Saraf Chambers, Sadar, on Tuesday. They were protesting against the income tax department for taking action against both the entities. The investors alleged that it was the income tax raid [...] Full Article

The income tax (I-T) department has detected a racket of money laundering through the secondary market, the first estimates of which show a whopping Rs 10,000 crore at stake at the national level.  Though the `penny stock’ scam has been detected among traders of Chikpet locality in the heart of Bangalore, I-T officials do not [...] Full Article

Income tax department sleuths detected unaccounted cash worth over Rs 8 crore during the survey carried out on three business establishments in Chandigarh. Survey started on Thursday completed on Friday afternoon. Income tax sleuths carried out the survey in the premises of Compact Disc (CD) India Limited, Manimajra, office of A-I Meters Private Limited, Industrial [...] Full Article