It Raids

Income Tax dept concludes raids at premises of Uflex after 6 days

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

Income tax 'raids': What is the difference between surveys and searches?

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

IT raid, GST crackdown in poll-bound Padampur, traders call 12-hr bandh

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

I-T detects Rs 100 cr undisclosed income from 2 Maharashtra groups

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

I-T Dept surveys think tank CPR, NGOs and unrecognised political parties

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

I-T Dept alleges business, tax irregularities against Dolo-650 maker

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

I-T dept raids Delhi-Haryana pharma and realty cos; seizes cash and gold

Finds links to Hawala sale of medicines to Afghanistan

Dolo-650 manufacturer faces raids by I-T dept in tax evasion case

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

TN: I-T dept detects Rs 400-cr tax evasion after raids on hospitality group

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

ED arrests 6 Bangladeshi nationals in cross-border money laundering case

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

I-T raids Infra.Market; detects undisclosed income of Rs 224 crore

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

IT raids on 2 cellphone firms find Rs 1,400-crore understating of profit

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

Xiaomi to Oppo: Income tax raids on China, Taiwan phone makers

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

I-T dept raid at Tamil Nadu finance firm reveals Rs 12 cr unaccounted cash

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

Govt jittery ahead of UP polls: MP Jaya Bachchan on IT raids on SP leaders

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

I-T raid at Akhilesh Yadav's close aide Jainendra Yadav's premises

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.

IT raids residences of RCL promoter Manoj Yadav, SP Spokesperson Rajiv Rai

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

Unholy nexus between ARCs and borrowers found after IT raids: CBDT

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

I-T dept raids firm making synthetic yarns; detects evasion worth crores

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

IT dept raids telecom equipment trading firm; claims incriminating chats

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