- Tag results for income_tax_department
Income Tax department rejects Kalanithi Maran's claims that he was only a non-executive chairman of the company who had no say in the management of the firm
The income tax department had clues on suspects who raised only bogus bills resulting in tax evasion of over Rs 10,640 crore, CAG said in a report.
I-T has the found that the audit reports prepared by the Aam Aadmi Party (AAP) for donations amounting to about Rs 27 crore have discrepancies.
The AAP chief called Narendra Modi a shameless dictator.
The cash deposited in an assessee's account can be verified using the link 'Cash Transactions 2016' under 'compliance' section of the website.
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Post demonetisation, the Bhajiawala family had deposited Rs 3.62 crore in their bank accounts in cash.
Officials said the taxman carried out a total of 1,138 search, survey and enquiry operations under the provisions of the Income Tax Act.
The raids are happening in the wake of searches conducted at the house and offices of former Tamil Nadu chief secretary P Rama Mohana Rao.
The party had removed the donors' list from its website claiming that its donors were being harassed by tax officials.
They were arrested on December 21 and CBI had stated in its FIR that the case against them was that the two had exchanged Rs 34 crore as new currency out of the total seized amount.
Rama Mohan Rao, who is set to retire in September 2017, is being quizzed at his residence in Anna Nagar.
The department has seized cash and jewellery worth over Rs 428 crore during the same period.
The Income Tax department on Thursday raided two branches of Axis bank situated in Noida region of the national capital.
n a recent disclosure by the I-T department officials of Karnataka and Goa region, a total of 3.57 crores in cash were seized in Bengaluru and Panaji.