The Income Tax department conducted raids at over 40 premises, in a case related to a business engaged in manufacture of Indian Made Foreign Liquor (IMFL), hospitality, entertainment, etc. The raids were conducted in Villupuram, Chennai, Puducherry, Coimbatore and Hyderabad. Following the raids, incriminating documents were seized. It has been revealed that the business was indulged in the offense of tax evasion, amounting to Rs 400 crore.… read-more
The Income Tax officials, carried out searches at the premises owned by officials of Hero Motocorp, in various locations of Gurugram, Haryana. The IT-raids started from March 23 morning, and is underway at residence of the company's senior officials including top promotor and Chairman Pawan Munjal. Besides Munjal, premises linked to other officials of the company are also being searched over allegations of tax evasion, resulting 1.5% stock… read-more
Courtesy: The Free Press Journal
The Income-tax department on December 31, conducted a raid at Samajwadi Party MLC Pammi Jain's residence in Uttar Pradesh. "BJP's fear and anger is clear. People are ready to teach a lesson to BJP," tweeted Samajwadi Party. Further details are awaited. Earlier, the Directorate General of GST Intelligence conducted a raid at Piyush Jain's premises where they seized Rs 194.45 crore of cash, 23 kg gold, and 600 kg sandalwood.
The I-T Department, on October 7, raided businesses linked to Maharashtra Deputy CM Ajit Pawar and properties of his family members, reportedly on charges of alleged tax evasion. Premises linked to three of Pawar's sisters were raided, as were those linked to some real estate developers. Confirming the developments, Pawar said his family was being targeted because of "political vendetta."
Courtesy: India Today
Ahead of the assembly polls, the IT department on March 4 seized undisclosed income worth Rs 1,000 crore from the premise of a reputed Tamil Nadu jewellery retailer. Reportedly, various fictitious and fake credits, including unexplained cash deposits were also uncovered during the search operation. Besides launching search operation at 27 premises including outlets in Chennai, Madurai, Trichy, Mumbai, Jaipur, and Indore, the department seized… read-more
Courtesy: Hindustan Times