Saturday, Dec 03, 2022

Income tax (I-T) department


Need I-T nod for share transfer, says NDTV; Adani rejects claim

September 02, 2022 2:54 am

As per the loan agreement RRPRH signed with Vishvapradhan Commercial Private (VCPL) in 2009, the I-T had estimated a capital gains tax of Rs 175 crore “arising on the sale of controlling interest in NDTV to VCPL”.

Posing as baraatis, IT officers raid 2 Jalna traders, find Rs 56 cr in cash

August 12, 2022 12:34 am

Around 250 Income Tax and Nashik police officers, disguised as baraatis, ended up seizing Rs 56 crore in unaccounted cash as well as gold and jewellery worth Rs 14 crore, along with incriminating documents.

IT dept finds Rs 150 crore black income after raids on 2 Tamil Nadu groups

July 29, 2022 7:33 am

More than Rs 14 crore unaccounted cash, and gold and jewellery worth over Rs 10 crore was seized after the department searched 30 premises of the two groups, which have not been identified, in Madurai and Chennai on July 20.

Chhattisgarh: I-T officials told me I can be CM by framing official, alleges trader

July 11, 2022 7:30 am

In a video message circulated on social media, Coal and transport businessman Suryakant Tiwari alleged that he was physically and mentally tortured during the searches after he refused to implicate a government officer posted at Chief Minister’s Office by giving false statement.

Dolo-650 maker’s premises searched over ‘tax evasion’

July 07, 2022 1:49 pm

The tax department is looking at financial records and statements of the company as part of the searches, officials said. Further details were not disclosed by the department.

Income tax collections from Gujarat rises 114 pc to Rs 70k cr in 2021-’22

April 08, 2022 4:10 am

When the economy was not doing good during the pandemic, the IRS official said, the department had not issued notices or made demands for tax collections.

I-T dept probing land deal involving Maharashtra minister Anil Parab

March 18, 2022 5:59 am

This land was developed as a resort between 2017-2020 and then sold to Kadam in 2020 for merely Rs 1.19 crore, even as Rs 6 crore was spent on the construction of the resort, the department has alleged.

I-T dept searches on online gaming, betting company run by Ramesh and Achal Chaurasia

February 24, 2022 9:28 pm

The I-T department has seized cash and foreign currency worth Rs 3 crore and jewellery worth Rs 81 lakh from premises linked with the company

Income Tax department searches Chinese telecom major Huawei

February 16, 2022 4:33 pm

The raids were launched at the company's premises in Delhi, Gurugram (Haryana) and Bengaluru in Karnataka on Tuesday.

Searches at premises linked to 4 ARCs: I-T

December 16, 2021 7:06 am

🔴 The search conducted on December 8 found that the ARCs adopted “unfair and fraudulent trade practices in acquiring the non-performing assets (NPAs) from lender banks”.