income tax search news

Chhattisgarh Tax Raid Exposes Rs. 13 Crore Scam – Ministry Report

In-depth analysis of the Income Tax Department crackdown in Chhattisgarh, uncovering a Rs. 13 crore scam involving a PEP, associates, and officials....

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Income Tax Raids: Unearthing a Rs. 1,000 Crore Scam in Mumbai’s Electrical Industry

Ministry of Finance reveals Income Tax Department's massive search operation exposing a major tax evasion scheme in Mumbai's electrical manufacturing sector. Preliminary findings suggest unaccounted cash sales, dubious expenses, and a network of authorized distributors involved....

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Income Tax Raids in Karnataka, Andhra Pradesh and Telangana

Income Tax Department's recent searches reveal tax evasion schemes by contractors, leading to unaccounted cash and asset creation. Details of operation....

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Kashmir Valley Income Tax Search Operation Reveals Major Tax Evasion

Recent Income Tax search operation in Kashmir Valley exposes a prominent business group's substantial tax evasion in sectors including Cement, Steel, and Real Estate...

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Income Tax Department conducts searches in West Bengal and Assam

Income Tax Department conducted search and seizure operations on a business group operating largely in North Bengal region of the State of West Bengal. The business group is controlled by a person with an active political background. Search was also conducted on his close business associate....

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Search and seizure action by Income Tax Department in Karnataka

Income Tax Department commenced a Search & Seizure operation in the case of some Cooperative Banks, in the State of Karnataka, on 31.03.2023. These cooperative Banks have been found to be engaged in routing of funds of various business entities of their customers, in a manner, so as to abet them to evade their tax […]...

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CBDT press release on out Income Tax survey operations at BBC offices

Income Tax Department carries out survey operations in Delhi & Mumbai A survey action under section 133A of the Income- tax Act, 1961 (the Act) was carried out at the business premises of group entities of a prominent international Media Company at Delhi and Mumbai. The group is engaged in the business of development of […]...

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Search and seizure action by Income Tax Department in Bihar

Income Tax Department initiated a Search & Seizure action on few groups engaged in the business of gold & diamond jewellery and real estate, on 17.11.2022. The searches were carried out at more than 30 premises spread over Patna, Bhagalpur, Dehri-on-Sone, Lucknow and Delhi. During the course of the search, large number of incrimin...

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Income Tax Department conducts search actions in Karnataka            

Income Tax Department initiated Search & Seizure actions on 20.10.2022 and 02.11.2022 on certain individuals who had executed Joint Development Agreements (JDAs) with various real-estate developers. The search action covered more than 50 premises spread across Bengaluru, Mumbai and Goa. During the course of the search operations, a la...

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Search and seizure action by Income Tax Department in Jharkhand

A search and seizure action was initiated by the Income Tax Department on few business groups engaged in coal trading/ transportation, execution of civil contracts, extraction of iron ore and production of sponge iron, on 04.11.2022....

Posted Under: Income Tax |

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