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  • Income Tax officers raid over 200 premises to nab suspects facilitating fake I-T refunds

    "It’s recently being seen that net tax collections growth of the central government is much lower than expected. Fake refunds are a major issue," an Income Tax officer told Moneycontrol.

  • Income tax officers find three crocodiles during raid at ex-BJP MLA's home

    Besides the crocodiles, the officers also found gold, crores of cash, and benami imported cars

  • Income Tax raids at popular biryani joint Meghana Foods in Bengaluru

    Raids are being carried out at Koramangala, Jayanagar and Indiranagar outlets by Karnataka and Goa IT teams on suspicion of purported tax evasion.

  • Dhiraj Sahu: I-T raid at Congress MP's property reveals over Rs 300 crore. 10 points

    'Dhiraj Prasad Sahu has a vision of creating a prosperous and inclusive society, where all citizens have equal opportunities to succeed,' stated the Congress MP's website.

  • Indian IT dept searches Kalpataru Group premises, residences of officials

    Shares of Kalpataru Projects, which is a part of Kalpataru Group, fell as much as 9% after CNBC-TV18 first reported that the IT department conducted searches at the company’s premises in Rajasthan and Mumbai, citing sources.

  • IT raids on DN Group offices in Odisha

    The IT officials on Thursday took a staff of DN Group, from whose possession the cash was seized, for further interrogation. The team also seized some important documents of the company during the search, sources said that the IT officials came across transactions of around Rs 105 crore by the company.

  • IT raids unearth Rs 15 crore cash, jewellery worth Rs 5 crore in poll-bound Karnataka

    The raids were conducted on premises located in Shanthi Nagar, Cox town, Shivaji Nagar, RMV Extension, Cunningham Road, Sadashiva Nagar, Kumarapark West and Fairfield Layout in Bengaluru on Friday, the sources added.

  • Uflex sheds 15% to 2-year lows on news of I-T raids at company outfits

    In the last 10 out of 11 seasons it lost over 30% while so far this year it declined over 34%.

  • I-T department conducts searches at Hiranandani group

    "The group has already clarified that the offshore trust/assets held by the family abroad is fully bonafide and compliant with all laws," a Hiranandani Group spokesperson said.

  • Raids on mall owners, realty players in Bengaluru unearths Rs 169 crores black income

    The Income Tax department, on December 26, 2016, said that it has detected undisclosed income amounting to Rs 169 crores, after it conducted searches on two groups of realty developers and mall owners in &#82

  • Will divest stake in subsidiary cos soon: Educomp

    Speaking to CNBC-TV18, Educomp MD and CEO Shantanu Prakash emphasized that the company is not in any kind of financial trouble and the stake sale of its arm and internal accruals will be enough to redeem the FCCBs.

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