IT Dept unearths Rs 100 cr black income after raid on Gujarat gutkha distributor

The CBDT on Tuesday said that the Income Tax Department has detected unaccounted income of over Rs 100 crore after a recent raid on a Gutkha distributor in Gujarat. Raids were conducted on 16 November at around 15 premises of unknown group in Ahmedabad. The department seized jewelery worth Rs 7.50 crore worth Rs 4 … Read more

Income Tax dept unearths Rs 100 cr black income after raid on Gujarat group

The CBDT on Sunday said that the Income Tax Department has detected unaccounted income of Rs 100 crore after a recent raid on a Gujarat-based company engaged in manufacturing of chemicals and real estate. On November 18, searches were conducted at more than 20 premises located in Vapi, Sarigam (Valsad district), Silvassa and Mumbai. “… … Read more

IT Dept raids Tatkal loan app company; Illegally transferred Rs 500 crore abroad

A fintech company engaged in instant lending through mobile apps has repatriated “non-genuine” funds worth Rs 500 crore overseas, the CBDT said on Wednesday. This information was collected by the Income Tax Department after raids on the company on 9 November in Delhi and Gurgaon (Haryana). “During the search, it was revealed that the company … Read more

Rs 200 crore black money unearthed after raids on Pune-based business group: CBDT

The CBDT on Tuesday claimed that the Income Tax Department has detected unaccounted income of over Rs 200 crore after raiding a Pune-based business group engaged in manufacturing of heavy machinery like excavators and cranes. On November 11, raids were conducted at 25 places in seven cities. “The search operation has resulted in seizure of … Read more

Black income of Rs 600 crore unearthed after tax department raids on 2 Gurugram clusters CBDT

The CBDT on Monday said that unaccounted income of Rs 600 crore was unearthed by the Income Tax Department after recent raids on two business groups located in Gurugram, Haryana. On November 10, raids were carried out on groups, one dealing with real estate and hospitality and the other being an equipment and equipment manufacturing … Read more

Former CBDT Chairman PC Modi appointed as Secretary General of Rajya Sabha

Pramod Chandra Modi, a 1982-batch retired IRS officer and former chairman of the Central Board of Direct Taxes (CBDT), has been appointed as the new Secretary General of Rajya Sabha, replacing PPK Ramacharyulu. He took charge on Friday. Vice President and Rajya Sabha Chairman M Venkaiah Naidu on Friday appointed Modi as Secretary General of … Read more

Former CBDT Chairman PC Modi appointed as the new Secretary General of Rajya Sabha

Less than three months after he was appointed as the Secretary General of the Rajya Sabha, PPK Ramacharyulu has been replaced with former CBDT chairman PC Modi, sources said on Friday. Modi has been appointed as the new Secretary General of the Rajya Sabha a few weeks before the start of the winter session of … Read more

Income Tax department raided the place of dry fruits traders and unearthed Rs 200 crore black money

The Central Board of Direct Taxes (CBDT) on Friday said that the Income Tax Department has detected unaccounted income of over Rs 200 crore after the recent raids on people engaged in dry fruits trade in Jammu and Kashmir and Punjab. It said in a statement that the searches were conducted on October 28. The … Read more