IT Raids

Tonnes of documents, 120 hard disks and 50 diaries containing information related to bogus transactions have been recovered during the raids

Not every income tax department operation is a 'raid'. Here is what the I-T Act says about 'surveys' and 'searches'

Poll-bound Padampur in Odisha saw back-to-back raids by the Income Tax and GST departments on Monday just a week ahead of the December 5 assembly by-election. The IT department raided the Padampur rown residences of three businessmen known to be close to the ruling BJD, while the GST department of the state government cracked down on on BJP-supported traders. A 12-hour bandh has been called on Tuesday by the local traders against the GST crackdown on traders at Padampur, Paikmal and Jharabandha towns. One of those whose premises was raided by the GST department is Sunil Agarwal, the president of Padampur town unit of BJP. The bandh will be held by the local traders from 6 am to 6 pm, Padampur Banika Sangha president Pratap Mishra said. All shops and business establishments will be closed during the duration of the bandh. Government and private offices, schools and educational are, however, exempted from the purview of the bandh, he said. The IT raids were conducted in the houses

CBDT said that so far, the search action on both groups has led to detection of unaccounted income of more than Rs 100 crore, and undisclosed assets of more than Rs 5 crore have been seized

Sources said the department is looking at the balance sheets of these organisations vis-a-vis the receipt of funds via the FCRA

The CBDT on Wednesday accused the makers of the widely-known Dolo-650 medicine tablet of indulging in "unethical practices" and distributing freebies of Rs 1,000 cr to docs and medical professionals

Finds links to Hawala sale of medicines to Afghanistan

A team of more than 20 officers associated with the I-T dept conducted the raids on the pharma company's Race Course Road office

The Income Tax department has detected a "large-scale tax evasion" of over Rs 400 crore after recently raiding a Tamil Nadu-based group engaged in liquor manufacturing and hospitality, the CBDT said

The Enforcement Directorate on Sunday said it has arrested six Bangladeshi nationals in connection with a money laundering case.

The searches were launched on March 9 at the firm's 23 premises in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh

Evidence has emerged that the two companies could be under-stating taxable profit by more than Rs 1,400 crore.

According to sources, state investigation wings of the income tax department were not aware of these raids

The Income Tax department in searches conducted over a span of one week at the premises of a Tamil Nadu-based Chit and Finance company revealed unaccounted cash of Rs 12 crore

Bachchan scoffed at the government's claim that the central agencies work independently, saying if "we are illiterate, uneducated" to believe it

An income tax raid is being conducted at the premises of the close aide of Samajwadi Party's Chief Akhilesh Yadav, Jainendra Yadav in Lucknow, said sources.Earlier today the raids had been conducted at the premises of RCL Group promotor Manoj Yadav in Mainpuri and Samajwadi Party (SP) national secretary and spokesperson Rajiv Rai in Mau, Uttar Pradesh, added the sources.The raid has been going on since 7 am at the residence of Rai at Sahadatpura of Mau district.Searches at the residence of Akhilesh Yadav's close aide Manoj Yadav have been going on for two hours now.Further details are awaited.

The income tax department is conducting raids at the premises of RCL Group promotor Manoj Yadav in Mainpuri and Samajwadi Party (SP) spokesperson Rajiv Rai in Uttar Pradesh

The searches were launched on December 8, and a total of 60 premises in Mumbai, Ahmedabad, Delhi and few other places were covered

The Income Tax (I-T) department has detected tax evasion worth crores of rupees after it raided a synthetic yarns and polyester chips making company

The Income Tax Department has conducted raids at the premises of a company engaged in trading of telecom equipment