Tax Evasion

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

In the latest development in the tax evasion case, actor-philanthropist Sonu Sood has issued a statement defending himself against the raid by the Income Tax department on September 20. Sood titled the statement, ''You don't always have to tell your side of the story. Time will''. Furthermore, he said, ''Every rupee in my foundation… read-more

Properties linked to actor Taapsee Pannu and director Anurag Kashyap were raided by the Income Tax department, on March 3 over alleged cess evasion. Moreover, the IT department team had raided 30 locations, including production houses of filmmakers Vikas Bahl, Vikramaditya Motwane, and Madhu Mantena. An official said, "The movies produced by the production house have been superhit, but the profits and account statements of the company are… read-more