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CBDT constitutes panel to suggest steps to reduce litigation

Last Updated: Thursday, July 17, 2014, 14:45

The Committee, according to the terms of reference issued by CBDT, will carry out detailed analysis of appellate orders and assessment orders on various aspects and recommend steps to reduce litigation before CIT (Appeal).

Black money: Over Rs 1 lakh cr illegal income detected

Last Updated: Wednesday, July 16, 2014, 16:51

Government has detected over Rs one lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.

Beware of phishing emails, cautions Income Tax department

Last Updated: Monday, July 14, 2014, 21:50

The I-T department Monday cautioned the public against responding to emails originating from private addresses as tax personnel send communication only through official email addresses.

BJP MP Giriraj Singh`s house robbed; 4 arrested, 1.14 crore cash seized

Last Updated: Wednesday, July 09, 2014, 09:46

Four persons were on Tuesday arrested in connection with a burglary in BJP MP Giriraj Singh`s house in Patna and Rs 1.14 crore cash, 600 US dollars, gold and silver jewellery and six luxury watches purportedly stolen were also recovered from them.

No inquiry pending against Gadkari: IT Department

Last Updated: Monday, May 12, 2014, 12:05

The Income Tax department has said that there is no inquiry or investigation presently pending with it against former BJP President Nitin Gadkari.

I-T dept conducts raids at premises of 2 companies

Last Updated: Thursday, May 08, 2014, 15:41

The Income-Tax department today conducted raids at premises of two manufacturing companies located in Rajasthan as well as outside the state country for suspected tax evasion, I-T sources said.

HC sets-aside TN Rs 2,400 crore tax notice on Nokia

Last Updated: Tuesday, April 29, 2014, 22:53

The Judge also directed the Deputy Commissioner (CT) of Enforcement (South) to give an opportunity to Nokia for hearing, peruse the documents and then pass orders on "merits" in accordance with law upholding the handset makers' contention that the order was passed without being heard.

I-T dept to set up new data centre to check tax evasion

Last Updated: Friday, April 25, 2014, 15:26

To fasten the process of identifying tax evaders, the Income Tax department has decided to set up a major data centre of such classified information on the lines of the existing two such centres on e-filing and TDS information.

Radia tapes: Ratan Tata, Cyrus Mistry to be examined

Last Updated: Thursday, April 03, 2014, 20:29

Ratan Tata and Cyrus Mistry will be examined by CBI in connection with Radia tapes.

Madhu Koda`s house searched by IT

Last Updated: Wednesday, April 02, 2014, 22:18

Former Jharkhand chief minister Madhu Koda`s residence was today searched by a team of Income Tax officials in West Singhbhum district head-quarters town of Chaibasa.

I-T dept signs APAs with 5 MNCs, more pacts in offing

Last Updated: Sunday, March 30, 2014, 13:52

Seeking to reduce litigations and promote foreign investments, the Income Tax department has signed Advance Pricing Agreements with 5 multinational firms and plans to enter into more such pacts.

CBI arrests top I-T officer, husband, two others for bribery

Last Updated: Saturday, March 29, 2014, 18:29

A deputy commissioner of Income Tax department has been arrested along with her husband, a BJP leader, and two others by CBI here for allegedly accepting a bribe of Rs 10 lakh from a complainant.