Black money News
Chief Election Commissioner wrote a letter to Union Law Minister Kiren Rijiju to cap the cash donations to political parties The CEC proposed to bring down anonymous political donations from Rs 20,000 to Rs 2,000 to cleanse election funding through black money The poll panel's letter has recommended various amendments to the Representation of the People Act
Anurag Thakur said, "Printing of banknotes of a particular denomination is decided by the government in consultation with RBI to maintain desired denomination mix for facilitating transactional demand of the public" "During the years 2019-20 and 2020-21, no indent has been placed with the presses for printing of Rs 2000 denomination banknotes," he added
The accused, Gaurav Singhal, misappropriated around Rs 9 Crore using different bank accounts during demonetization. The Economic Offences Wing of the Delhi police tracked him down and arrested him on December 24. Gaurav Singhal accessed the money through banking apps on a phone number registered to his name.
The assessee raised 19 grounds of appeal, but her plea was dismissed as the ITAT observed that the amount found in her Swiss Bank account was over 11,500 times more than her annual income The ITAT confirmed the addition in respect of her account with HSBC Private Bank (Suisse), SA Geneva The department recorded that the income to the extent of US$3,97,38,122 has escaped assessment and issued her a show-cause notice under section 148 of the I-Tax Act