I-T

Money laundering: I-T raids at Lilavati Hospital

The trustees of Lilawati Hospital are under scanner over their alleged role in money laundering.

Black money: I-T signs MoUs for conducting study

The government has set the ball rolling for estimating black money by signing agreements with three leading think-tanks NCAER, NIFM and NIPFP to conduct study on unaccounted income generated inside and outside the
country.

Vibrant Gujarat Summit deals under I-T dept scanner

Income Tax department initiated an inquiry into around 8,000 MoUs signed by several investors and the state govt at this year`s high profile Vibrant Gujarat Summit(VGS) to bring in an anticipated Rs 21 lakh crore investment.

I-T moves HC against tax reliefs sought by SRK

The Income-Tax department has filed an appeal in Bombay High Court against an order of its tribunal allowing Bollywood actor Shah Rukh Khan to seek tax reliefs for using his membership at a club in suburban Bandra and his BMV Range Rover car for professional reasons.

ED, I-T to look into Rahat’s money

The DRI has summoned the singer to appear before it on February 17.

I-T conducts raids at three-star hotel in Indore

The Income Tax department Friday
raided a three-star hotel owned by Sajid R Dhanani and two other premises here.

ED, I-T pursuing Hasan Ali tax evasion case: Pranab

The government said both the Enforcement Directorate (ED) and I-T Department are pursuing cases relating to the alleged tax evasion of up to USD 15 billion and money laundering by Pune-based stud farm owner Hasan Ali.

I-T sleuths raid onion markets in Bihar

Income tax authorities on Friday raided
onion markets here and also in Bhagalpur in a drive against
hoarders following rising prices of the commodity.

I-T, UIDAI agree `in-principle` to roll out PAN cards

The Income Tax department and the Unique Identification Authority of India have agreed "in-principle" to come together for rolling out PAN cards with unique 16 digit Aadhaar number.

I-T gets reports on IPL expenses in South Africa last year

The I-T dept probing alleged irregularities in the funding & bidding of IPL franchisees has received reports relating to expenses incurred by franchisees in South Africa where the second edition took place last year.

Top Finance Ministry, I-T dept officials hold meet over IPL

As the probe into the IPL got
wider, top brass of the Finance ministry, Income Tax
department and financial intelligence sleuths today held a
closed-door meet here.

I-T sets up control rooms to monitor IPL probe

The Income Tax department
has activated control rooms in Delhi and Mumbai to streamline
the flow of information between its various investigation
directorates probing the IPL.

IPL row: End of road for Lalit Modi?

It might be the end of ‘good times’ for Lalit Modi as the BCCI may strip him off his post of the IPL Commissioner.

I-T, ED start `source probe` of some IPL franchisees

The Income Tax department and
Enforcement Directorate are reported to have begun a discreet
enquiry into the source of funds of certain franchisees of the
cash-rich T20 Indian Premiere League(IPL).

I-T officer engaged in probe into Koda scam transferred

A senior Income Tax officer, who
led the department in unearthing the multi-crore rupees scam
allegedly involving former Jharkhand Chief Minister Madhu Koda
was today transferred.

Son of I-T inspector probing Koda`s case assaulted

Two unidentified persons
tonight assaulted the son of an income tax inspector who was
one of the officials engaged in the investigation into the
hawala scam allegedly involving former Jharkhand Chief
Minister Madhu Koda.

Koda bought 600 vehicles to please supporters

Former Jharkhand chief minister Madhu Koda distributed hundreds of vehicles to supporters and used the mines department and electricity board to expand his financial empire, I-T officials here said.

Madhu Koda a good friend: Key accused Vinod Sinha

Vinod Sinha, a key accused along with MP Madhu Koda in a Rs.2,000 crore scam in Jharkhand, says the former chief minister "is a good friend" and that the scandal is politically motivated ahead of assembly polls from Nov 25.

I-T sets ultimatum to Koda`s aides

With Vinod Kumar Sinha, a close
aide of former Jharkhand Chief minister Madhu Koda, still in
hiding, Income Tax department tonight set a four-day ultimatum
to him to appear before it or face legal action.

File returns regularly: I-T dept tells MP Ministers

The Income Tax Department has issued
notices to seven persons including three Madhya Pradesh
ministers and asked them to file their Income Tax returns
regularly.