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Big Relief For Ajit Pawar, Tax Department Clears Assets Seized In Benami Case
In a big relief to Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared properties worth over Rs 1,000 crore seized in 2021.
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Income Tax Department Raids Jharkhand Chief Minister's Close Aide
The Income Tax department is conducting raids at the residence of Sunil Srivastava, allegedly a close aide and personal secretary of Jharkhand Chief Minister Hemant Soren, said sources on Saturday.
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Will Income Tax Ever Be "Almost Zero"? What Finance Minister Said
Can income tax in India ever be "almost zero"? Finance Minister Nirmala Sitharaman said Tuesday she wished that could be the case, but given economic challenges facing India, including paucity of funds for research purposes, this is not likely.
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"Denying Benefits To Poor": Himanta Sarma Slams Congress Over Rs 1,823 Crore Tax Notice
Not paying tax to the government is denying benefits to the poor, Assam Chief Minister Himanta Biswa Sarma said on Friday, attacking the Congress.
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High Court Rejects Congress's Petitions Against Tax Reassessment Proceedings
The Delhi High Court today dismissed Congress party's pleas challenging the reassessment proceedings initiated against it by the Income Tax Department.
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After High Court Setback, Congress To Approach Supreme Court In Over Rs 100 Crore Tax Dues Case
The Congress will move the Supreme Court to cancel a Delhi High Court order that allowed a tribunal to recover over Rs 100 crore outstanding tax from the party, sources said.
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Income Tax Department Sending Emails, SMS In Cases Of Tax Mismatch: All You Need To Know
E-Campaign: The income tax department is asking those taxpayers, whose returns show a mismatch with income, to pay advance tax by March 15.
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Congress Moves Delhi High Court In Tax Penalty Case
The Congress on Monday moved the Delhi High Court challenging the dismissal of its plea by the Income Tax Appellate Tribunal (ITAT) against the imposition of penalties for discrepancies in certain tax returns.
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Police Case Filed In Chhattisgarh Liquor Case, Bhupesh Baghel Responds
Former Chhattisgarh Chief Minister Bhupesh Baghel on Friday said the government directed the ACB to file an offence in a case that the ED and Income Tax sleuths had been probing over the last three years.
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Cash Sales Of Rs 1,000 Crore Found In Raids On Electrical Items Manufacturer
The Income Tax department initiated search and seizure operations in the case of a group engaged in the manufacturing of wires, cables and other electrical items on December 22, 2023, the agency said in a statement on Wednesday.
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Supreme Court Defers Hearing Of Income Tax Assessment Case Of Gandhis Till December 13
The Gandhis had opposed the transfer of their cases to the Central Circle on several grounds including that they have nothing to do with the Sanjay Bhandari group's cases.
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Income Tax Searches Premises Of Liquor Maker Som Group In 5 States
The Income-tax department on Tuesday launched multi-state searches against the Som Group, a prominent player in the liquor manufacturing and sale field, as part of a tax evasion investigation, official sources said.
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Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
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35 Lakh Income Tax Refund Cases "Held Up" For Various Reasons: Tax Body Chief
Around 35 lakh cases for issuance of refunds are currently "held up" with the Income-Tax Department owing to mismatch and validation of the taxpayers' bank accounts.
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Rs 50 Crore Assets Attached After Raids In Case Against Samajwadi Party Leader
Newly constructed flats and a building complex in Varanasi and bank deposits worth about Rs 50 crore have been attached under the anti-benami properties law by the Income Tax department as part of its probe.
-
Big Relief For Ajit Pawar, Tax Department Clears Assets Seized In Benami Case
In a big relief to Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared properties worth over Rs 1,000 crore seized in 2021.
-
Income Tax Department Raids Jharkhand Chief Minister's Close Aide
The Income Tax department is conducting raids at the residence of Sunil Srivastava, allegedly a close aide and personal secretary of Jharkhand Chief Minister Hemant Soren, said sources on Saturday.
-
Will Income Tax Ever Be "Almost Zero"? What Finance Minister Said
Can income tax in India ever be "almost zero"? Finance Minister Nirmala Sitharaman said Tuesday she wished that could be the case, but given economic challenges facing India, including paucity of funds for research purposes, this is not likely.
-
"Denying Benefits To Poor": Himanta Sarma Slams Congress Over Rs 1,823 Crore Tax Notice
Not paying tax to the government is denying benefits to the poor, Assam Chief Minister Himanta Biswa Sarma said on Friday, attacking the Congress.
-
High Court Rejects Congress's Petitions Against Tax Reassessment Proceedings
The Delhi High Court today dismissed Congress party's pleas challenging the reassessment proceedings initiated against it by the Income Tax Department.
-
After High Court Setback, Congress To Approach Supreme Court In Over Rs 100 Crore Tax Dues Case
The Congress will move the Supreme Court to cancel a Delhi High Court order that allowed a tribunal to recover over Rs 100 crore outstanding tax from the party, sources said.
-
Income Tax Department Sending Emails, SMS In Cases Of Tax Mismatch: All You Need To Know
E-Campaign: The income tax department is asking those taxpayers, whose returns show a mismatch with income, to pay advance tax by March 15.
-
Congress Moves Delhi High Court In Tax Penalty Case
The Congress on Monday moved the Delhi High Court challenging the dismissal of its plea by the Income Tax Appellate Tribunal (ITAT) against the imposition of penalties for discrepancies in certain tax returns.
-
Police Case Filed In Chhattisgarh Liquor Case, Bhupesh Baghel Responds
Former Chhattisgarh Chief Minister Bhupesh Baghel on Friday said the government directed the ACB to file an offence in a case that the ED and Income Tax sleuths had been probing over the last three years.
-
Cash Sales Of Rs 1,000 Crore Found In Raids On Electrical Items Manufacturer
The Income Tax department initiated search and seizure operations in the case of a group engaged in the manufacturing of wires, cables and other electrical items on December 22, 2023, the agency said in a statement on Wednesday.
-
Supreme Court Defers Hearing Of Income Tax Assessment Case Of Gandhis Till December 13
The Gandhis had opposed the transfer of their cases to the Central Circle on several grounds including that they have nothing to do with the Sanjay Bhandari group's cases.
-
Income Tax Searches Premises Of Liquor Maker Som Group In 5 States
The Income-tax department on Tuesday launched multi-state searches against the Som Group, a prominent player in the liquor manufacturing and sale field, as part of a tax evasion investigation, official sources said.
-
Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
-
35 Lakh Income Tax Refund Cases "Held Up" For Various Reasons: Tax Body Chief
Around 35 lakh cases for issuance of refunds are currently "held up" with the Income-Tax Department owing to mismatch and validation of the taxpayers' bank accounts.
-
Rs 50 Crore Assets Attached After Raids In Case Against Samajwadi Party Leader
Newly constructed flats and a building complex in Varanasi and bank deposits worth about Rs 50 crore have been attached under the anti-benami properties law by the Income Tax department as part of its probe.
