Income Tax Raids

The Delhi investigation wing of the I-T department has conducted more than a dozen searches, uncovering evidence of 43 undisclosed Dubai properties worth over Rs 700 crore

Income Tax department raided the residence of Sunil Srivastava, allegedly a close aide and personal secretary of Jharkhand CM Soren

The Income Tax department has recovered around Rs 70 lakh in cash from the residence of Trinamool Congress MLA Bayron Biswas during a search there in connection with alleged evasion of taxes, a senior official said on Thursday. The search, which started at the legislator's residence at Samserganj in Murshidabad district of West Bengal on Wednesday morning, got over late in the night after around 19 hours, he added. "We have recovered cash amounting to Rs 70 lakh during the raid in Bayron Biswas' residence. There was no clarity on why such a huge amount of money was kept there," the official said. The MLA declined to comment on this matter when PTI contacted him. Biswas won a by-election from the Sagardighi constituency on a Congress ticket but later joined the Trinamool Congress.

Income Tax officers on Wednesday morning raided the residences of several businessmen including a former MLA of the ruling Trinamool Congress at various places in West Bengal, an officer said. The raids were conducted in Asansol, Durgapur and Raniganj areas, as the businessmen did not pay taxes for several years, the officer alleged. "Our officers had reached Durgapur yesterday and started searching the residences of these businessmen from early Wednesday morning. They are looking for various documents including bank statements and other property details," he told PTI over the phone. I-T department officers are also holding talks with former TMC MLA Sohrab Ali and the other businessmen whose houses are being raided, the officer said. A large number of central force personnel are on guard outside the premises where the search was on.

With the income-tax department seizing over Rs 350-crore unaccounted cash during a series of raids on distilleries, three major political parties in Odisha have virtually entered into a slugfest, accusing each other of patronising illegality in the country-liquor trade in the state. While the opposition BJP on Monday organised demonstrations in all sub-divisions, the ruling BJD held a press conference in a bid to expose the "evil design" of the saffron party. The Congress, in a statement, blamed both the BJD and BJP and claimed that it was unnecessarily dragged into the controversy. The income-tax department continued its searches in different places linked to an Odisha-based distillery group on charges of tax evasion for the sixth consecutive day on Monday, recovering unaccounted cash to the tune of Rs 353 crore so far. Responding to a call by BJP state president Manmohan Samal, party leaders and workers took part in the protests across the state, holding placards and banners. Th

Several MPs were chanting "Rahul Gandhi must answer, wherever there is Congress, there is corruption, from corruption to Congress."

Meanwhile, currency counting machines were brought in as the Income Tax Department raid on the premises of Boudh Distilleries Private Limited entered its 5th day on Sunday

Karnataka Chief Minister Siddaramaiah on Sunday accused the Centre of targeting only the Congress and not the BJP, in the wake of seizure of unaccounted cash amounting to over Rs 200 crore from premises allegedly linked to Jharkhand Congress MP Dhiraj Prasad Sahu. He was reacting to the recent Income Tax raids on the entities linked to Rajya Sabha MP Dhiraj Sahu in Jharkhand and Odisha. "They (BJP led central government) are only targeting Congress. Let them raid BJP leaders as well. Only then will it be known how much (ill-gotten wealth) they have," Siddaramaiah told reporters. The CM said whoever amasses black money is wrong, according to the Income Tax Act. Let the I-T department take action as per law. However, Siddaramaiah's grouse was that the central agencies were selectively targeting the Congress. "Why their action is aimed at only Congress leaders and not BJP? Huge money will be found if BJP people are raided,' the Chief Minister said. A huge pile of cash has been ...

The Income Tax department on Friday found 156 bags of cash during search for the third consecutive day in places linked to an Odisha-based distillery group on charges of tax evasion, officials said. From the bags, Rs 20 crore were counted till now, taking the total amount so far recovered to Rs 220 crore. The department officials recovered as many as 156 bags containing cash during the raid at Sudapada in Bolangir district on Friday. "Of the 156 bags, only 6/7 were counted and the amount found was Rs 20 crore," an official said. The raids were carried out at Sambalpur, Bolangir, Titilagarh, Boudh, Sundargarh, Rourkela and Bhubaneswar. The company is yet to provide any reaction to the raids. Around Rs 200 crore in cash was seized on Thursday during raids at the Bolangir office of Baldeo Sahu & Group of Companies, one of the biggest country-liquor manufacturers and selling companies in western Odisha. The raids were conducted at some houses, offices, and distillery at Sargipali in

The Income Tax department on Wednesday conducted a survey operation at some entities of the Hinduja Group in Mumbai and some other cities, official sources said. The survey operation is being undertaken as part of a tax evasion investigation and offices in Mumbai and some other cities are being covered, they said. As per the I-T law for survey operations, only office premises are being covered. An email sent by PTI to the Hinduja Group did not elicit an immediate response. Sources said the tax department action is also linked to provisions of the General Anti-Avoidance Rules (GAAR). The Hinduja Group, which owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland), is diversifying and has plans to get into the new tech, digital and fintech as part of its new phase of growth and fill gaps through acquisitions to have complete offerings in the BFSI sector.

Income Tax sleuths have recovered more than Rs 50 crore cash during raids on several people including a contractor, his son, a gymnasium instructor and an architect in Karnataka, a highly-placed department official said on Sunday. The raids that started from Thursday at 25 places belonging to two major infrastructure companies expanded to 45 by Saturday evening, the official told PTI, requesting anonymity. Charging them with tax evasion, the I-T Department officials raided their offices at various places including Sahakarnagar and Sanjaynagar. Several documents were confiscated. Followed by the lead obtained from these two firms, I-T officials searched the houses and other places of contractors and various other people. "A total of 45 locations were searched till Friday while ten more places were raided and searched on Saturday. "On Saturday, the third day of the operation, an architect and a gymnasium owner's house was raided from where Rs eight crore in cash was seized. With thi

Income Tax sleuths on Wednesday raided premises linked to Rashtriya Janata Dal (RJD) Rajya Sabha MP Ahmad Ashfaque Karim at multiple locations in Bihar on Wednesday. The MP is the main trustee and the founder chancellor of Katihar-based Al Karim University, Bihar. Officials were tightlipped about the raids. It may be recalled that the probe agency had earlier raided the premises of Karim in connection with the land for job scam involving RJD supremo Lalu Prasad and his family members. A statement by the department said, "Patna directorate started the search action at Al Karim Educational Trust, which runs and manages Al Karim University and Katihar Medical College. Main office of the trust is in Patna. The trust also runs a school of paramedical and allied health sciences, school of information technology and management. Main trustee is Ahmad Ashfaque Karim, who is the founder chancellor of Al Karim University and also a sitting MP of Rajya Sabha". "Teams are searching their offic

The chief minister alleged that agencies such as the Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and Income Tax department conduct raids without making prior assessments

The raids, conducted on Friday, are in connection to suspected tax evasion case

The number of groups searched by the Income Tax Department and the resulting seizure of assets has shown an increasing trend over the last three financial years, according to a government data placed in the Parliament on Tuesday. Minister of State for Finance Pankaj Chaudhary said, in a written reply, to the Rajya Sabha that a total of 741 groups were raided by the tax department and assets worth Rs 1,765.56 crore seized during the 2022-23 fiscal. Similarly, 686 groups were searched by the I-T department during the 2021-22 fiscal and properties worth Rs 1,159.56 crore were seized preceded by 569 groups raided in 2020-21 and assets worth Rs 880.83 crore were seized.

The officials found 20 bank accounts belonging to people from the economically weaker section of the society with transactions ranging from Rs 5-50 crore

Mushrif is the third senior NCP leader after Anil Deshmukh and Nawab Malik, besides Shiv Sena (UT)'s Raut, facing the heat of the various probe agencies in the past couple of years

The Income-tax department on Wednesday conducted searches at the premises of Mumbai-based Metropolis Healthcare that runs medical diagnostic centres as part of a tax evasion investigation, official sources said. The locations of the company in Mumbai are being covered, they said. A response from the company is awaited. The company is a prominent player in the medical tests and diagnostics business domain. It had last week reported a consolidated profit after tax of Rs 40.5 crore for the second quarter that ended September 30.

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

Income Tax raids are being carried out at 22 places simultaneously in Uttar Pradesh, including Lucknow and Kanpur in connection with the corruption cases