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Known sources have been defined as donations above Rs 20,000, whose donor details are available through contribution reports as submitted by national parties to the ECI

Sources in the Income Tax department have said that they grilled two serving executives of the Axis Mutual Fund in connection with the alleged front-running case

According to CBDT, the startup allegedly obtained huge foreign funding via the Mauritius route, issuing shares at an "exorbitantly" high premium.

The tax department last week asked field formations to submit a daily report on follow-ups on pending tax collections from large taxpayers

On November 1, Tata Trusts said the Income Tax Department has cancelled registration of its six trusts

Tax experts say frequent cash transactions usually raise red flags with the department. It's not uncommon for them to send a notice in such cases, and ask for a detailed explanation

Tax dept to start sending letters to companies on Dec 1 seeking reasons for payment shortfall

The tax dept is expected to launch Project Insight next month to make evasion even tougher

Receiving or repaying Rs 20,000 or more in cash for transfer of immovable property and paying more than Rs 10,000 in cash related to expenditure of business or profession is also banned