Madras HC grants interim stay on proceedings against Karti Chidambaram in tax evasion case
The matter relates to the alleged non-disclosure of Rs 1.35 crore received by Karti, son of former union minister P Chidambaram, and his wife Srinidhi in cash for sale of land at Muttukadu near here. The lower court, which is proposed to frame charges is restrained from doing so because of the interim stay.
UPL skids after reports of I-T raid at its premises
The taxmen suspect tax evasion and account manipulation by the company.
Karti Chidambaram to move Madras HC in tax evasion case
Congress Lok Sabha MP Karti Chidambaram and his wife Srinidhi will move the Madras Hi...
Court rejects Karti Chidambaram's discharge plea in tax evasion case
When the plea came up, Special Court for MLAs and MPs judge D Lingeshwaran found merit in the evidence submitted by the prosecution and dismissed it. The judge then ordered the prosecution to go ahead with the framing of charges and sought both the accused to be present in the court on January 21.
CBDT extends till Jan 31 deadline for compounding of I-T offences
The CBDT, while launching the scheme in September last year, had said that this "one-time measure" is being undertaken to mitigate unintended hardship to taxpayers in deserving cases and to reduce the pendency of existing prosecution cases before the courts.
Hawala probe: I-T dept issues notice to Congress for receiving Rs 170-cr funds
The Income Tax Department has issued a notice to the Congress seeking an explanation over the party allegedly receiving funds to the tune of...
I-T dept conducts raids on Tollywood producer over alleged 'tax evasion'
Income Tax sleuths raid Tollywood producer Suresh Babu's Ramanaidu studios in Hyderabad. The raids were carried out to examine alleged ‘tax ...
I-T department busts Rs 3,300-crore hawala racket involving infrastructure firms
The raids to unearth the large tax evasion nexus were conducted in the first week of this month on 42 premises in Delhi, Mumbai, Hyderabad, Erode, Pune, Agra and Goa on a group of people indulging in issuing bogus bills and carrying on hawala transactions. Hawala denotes illegal transaction of funds by skirting the legal banking channels.
Income Tax dept raids ex-Karnataka dy CM's residence, others in tax evasion probe
The department took the action as part of its probe to check alleged irregularities in some medical colleges run by a trust.
Income Tax dept seizes Rs 30 cr paintings in tax evasion probe against Kuldeep Bishnoi
Sources said the department had got the valuation of the seized paintings done by government-approved experts and their total value is about Rs 30 crore.
India's fiscal deficit goals threatened by tax evasion as demand wanes
There have been many cases of bogus billings, tax evasion and fake invoicing, according to PwC.
Shivakumar's brother, DK Suresh appears before ED
This comes two days after the Delhi court extended Congress leader Shivakumar's judicial custody till October 15.
India ratifies OECD's convention to check tax evasion
The multilateral convention is an outcome of the OECD/G20 project to tackle base erosion and profit shifting.
I-T raids top Mumbai realtor in Rs 700 crore tax evasion case
The raids are still continuing and the IT sleuths have unearthed various incriminating evidences pertaining to the tax evasion by the group whose identity has not been revealed.
I-T summons Naresh Goyal in tax evasion case
The case is related to alleged irregularities in dealings between Jet and Dubai-based cos.
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