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Noida tendering scam: Media barred from entering Noida Authority office

The Income Tax department raided the residence of Noida Authority engineer-in-chief Yadav Singh at Noida’s Sector 51 and found cash worth Rs 10 crore and diamond and gold jewellery of around 2 kg.

IT dept to submit report on conversations between Qureshi and ex-CBI chief

The Income Tax department, which has kept the controversial meat exporter Moin Qureshi under its scanner, is likely to submit a report to the Government about the purported conversations between him and former CBI Director A P Singh, currently a UPSC member.

SC nod to IT Dept to inspect documents seized by CBI from Hindalco

The Supreme Court on Friday allowed the Income Tax Department to inspect documents seized by the CBI during its coalgate probe from the premises of Hindalco for carrying out any bonafide investigation under tax law.

IT dept moves SC for inspecting Hindalco documents seized by CBI

Income Tax department Thursday sought Supreme Court's direction to CBI to allow its officers to inspect documents seized by the investigation agency from the premises of Hindalco in order to initiate proceedings against Aditya Birla Group under the Income Tax Act.

Indirect tax collections up 6.2% in Apr-Dec

Amid slowing economy, indirect tax collections grew by 6.2 percent in the April-December period of this fiscal.

IT Dept rejects Nokia's offer to pay Rs 2,250 cr in tax row

The Income Tax (IT) Department Monday told the Delhi High Court that the offer of Finnish mobile maker Nokia to pay a minimum deposit of Rs 2,250 crore to it, out of the company's total tax liability of nearly Rs 6,500 crore, is not acceptable.

I-T dept to open 1,080 assessment offices in country

The Income Tax department hopes to mop up an additional revenue of more than Rs 25 crore by opening 1,080 assessment offices for taxpayers and increasing the number of tax collectors in every office.

I-T dept to take action against officer who 'leaked' info

The Income Tax department would initiate action against one of its officers who allegedly intimated the Managing Director of Riddhi Siddhi Bullion Ltd about searches conducted at his premises.

Union Cabinet likely to approve IT dept revamp plan tomorrow

He further said that the proposal includes recruitment of 19,000 tax officials to be deputed across the country in a span of two years.

US bond case: I-T grills TN bizman; genuineness of papers being checked

As the day-long grilling of Tirupur district-based T M Ramalingam at the I-T office remained inconclusive, a top I-T official said the seized papers were purported to be international bills of exchange and not US Treasury Bonds.

US treasury bonds seized from Tirupur consultant likely fake

US has not issued any with a denomination as high as USD1 billion.

I-T dept to seek US help to validate seized $5-bn American bonds

Individuals are not allowed to hold foreign securities worth such a large amount and the total amount seized in this haul represents nearly one-tenth of the total US treasury holding of the Indian government.

IT officials seize Rs 28,000 cr worth 'US bonds' from Tirupur consultant

The raids were carried out on the residence of Ramalingam at Upputhurai Palayam village on December 31 night, official sources said Thursday.

IT dept to ensure timely refunds: CBDT chief

The Income Tax department will aim to issue faster and accurate refunds this financial year and introduce new taxpayer friendly services.

Cross-border deals: I-T notifies new format for foreign LOs

To keep a check on illicit outflow of funds through multi-billion cross-border deals, the Income Tax department has notified a fresh reporting format for foreign business entities which indulge in corporate liaison in India.

Black money: I-T mulling prosecution of HSBC bank

The Income Tax department is said to be mulling prosecution against the HSBC bank for allegedly being the conduit for Indians in stashing money abroad.

I-T dept to reopen tax returns to unearth black money

In 80 cases, the department has detected undisclosed income of Rs 438 crore.

SC pulls up IT department for inaction in 2G scam

Taking a tough stand, the Supreme Court on Monday rapped the Income-Tax Department for its slow probe into the 2G spectrum allocation scandal.

IT dept sets up toll free telephone number for polls

To keep track of cash flow during the
TN assembly polls, the IT dept has set up a toll free telephone
number for the public to inform about any
illegal transport of cash across the State.

IT dept unearths undisclosed income of Rs 22 cr in MP

The Income Tax department has
unearthed an undisclosed income of nearly Rs 22 crore over the
last two days by conducting surveys at various establishments
in Madhya Pradesh.