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The Latest Breaking News from the Income Tax Department

I-T dept cracked down on non-profits with a law that didn’t apply. Tribunals kept saying no

Imagine being fined for jumping a red light – on a road where the traffic light was installed only after you drove past. That, in essence, is what India’s Income Tax Department has been doing to dozens of non-profit organisations across the country.

Newslaundry

Income Tax seize Rs 26 crore cash after raids against Nashik-based jewellers

The Income Tax Department has launched searches on Maharashtra's Nashik-based Surana Jewellers in response to alleged undisclosed transactions by its proprietor. Read further on Dynamite News:

Dynamite News

Income Tax Department officer duped of ₹48.9K in online reward points fraud

A 48-year-old IRS officer with the Income Tax Department lost ₹48,902 to an online reward points fraud.

The Hindu

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₹1 crore seized from panchayat president’s house near Tiruchi

The district election officials have seized ₹1 crore from the house of a panchayat president on Friday night and intimated the Income Tax department about the same

The Hindu

No coercive action against Congress over tax demand notices in view of Lok Sabha polls: I-T Dept to Supreme Court

Income Tax Department will not take coercive action against Congress for ₹3,500 crore tax demand during Lok Sabha elections.

The Hindu

‘Congress culture is such that it never accepts its wrongdoings’

Union Minister Pralhad Joshi defends Income Tax notices to Congress, accusing party of looting country for 60 years.

The Hindu

Congress to stage nationwide protest tomorrow against Income Tax notices

Congress will stage a nationwide protest on Saturday against notices from the income-tax department, asking it to pay Rs 1,823 crore. Read further on Dynamite News:

Dynamite News

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BJP must be asked to pay Rs4,600Cr penalty: Congress accuses IT Dept of double standards

"While the BJP was given exemption under the guise of IT rules the Department on the other hand was harassing the Congress party under the same rule," the Congress said. Read further on Dynamite News:

Dynamite News

Stalin launches campaign with scathing attack on PM Modi over electoral bonds, corruption

M.K. Stalin criticizes PM Modi's corruption allegations, exposes BJP scams, and vows to defeat BJP in upcoming elections.

The Hindu

BJP doesn’t seem to care despite being admonished by SC on electoral bonds, says Mahesh Goud

TPCC working president criticizes BJP for misuse of official machinery, threatening democracy through financial manipulation and favoritism.

The Hindu

Delhi High Court rejects Cong plea against I-T Dept of opening assessment proceedings of 2014 to 2017

The bench of Justice Yashwant Verma and Justice Purushaindra Kumar Kaurav passed the order and dismissed the plea. Read further on Dynamite News:

Dynamite News

I-T Department deploys 100 officers in Uttarakhand to curb black money

Ahead of the Lok Sabha elections, the Income Tax Department has deployed a team of 100 Income Tax officers and employees in the five Lok Sabha seats of Uttarakhand to curb black money and unaccounted cash.

The Hindu

Pradhan Mantri Hafta Vasuli Yojana | Congress' swipe at government over electoral bonds issue

Congress general secretary Jairam Ramesh accused the Modi government of “hafta vasuli” (extortion) and claimed that 21 firms facing investigations from the CBI, Enforcement Directorate or I-T have donated through electoral bonds.

The Hindu

TNCC president demands answers from Prime Minister Modi on electoral bonds

TNCC president exposes BJP corruption through electoral bonds, demanding answers from Modi and Annamalai.

The Hindu

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Dynamite News

Congress moves Delhi HC seeking stay on IT recovery proceedings

The Indian National Congress (INC) on Monday moved the Delhi High Court seeking a stay on the Income Tax notice for recovery of more than Rs 105 crore as outstanding tax. Read further on Dynamite News:

Dynamite News

Income Tax dept to launch e-campaign for Advance Tax for FY 2023-24

The Income Tax Department will launch an e-campaign for the Advance Tax for FY 2023-24. Through the e-campaign, persons/entities carrying out significant financial transactions. Read further on Dynamite News:

Dynamite News

Tribunal reserves order on Congress plea seeking stay against IT recovery proceedings, freezing bank accounts

ITAT on Thursday reserved its order on a plea by the Congress party, which has sought a stay against Income Tax Department proceedings of recovery and freezing of their bank accounts. Read further on Dynamite News:

The Hindu

Congress MP Dhiraj Sahu revises income tax returns; settles taxes on ₹150 crore with ₹50 crore remain unexplained

“Congress Rajya Sabha member Dhiraj Sahu, who was in the news following a ₹350 crore cash recovery from his premises, has revised his income tax returns and paid taxes for ₹150 crore,” according to sources.

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The Hindu

Will feel honoured if Sonia Gandhi goes to Rajya Sabha from Madhya Pradesh: Jitu Patwari

Madhya Pradesh Congress requests Sonia Gandhi to represent the State in Rajya Sabha; Congress leaders receive I-T notices.

The Hindu

IT department says its searches resulted in seizure of ₹351 crore of unaccounted cash

The Income Tax Department, which had carried out simultaneous searches in Odisha, Jharkhand, and West Bengal in the first week of December, said ‘unaccounted’ cash amounting to more than ₹351 crore was discovered during raid.

The Hindu

NewsClick claims its bank accounts frozen by I-T Department

Online news portal NewsClick claimed on Tuesday that its bank accounts have been frozen by the Income Tax Department and said it will undertake legal measures against this “unjust and cruel” action.

Dynamite News

I-T dept conducts raid at Boudh Distilleries in Odisha for fifth day in a row

The Income Tax Department conducted raids at the premises of Boudh Distilleries Private Limited on Sunday. Read further on Dynamite News:

The Hindu

Contractor under IT scanner passes away

The vice-president of Karnataka State Contractors’ Association R. Ambikapathy, who was in the news last month after the Income Tax Department recovered a huge cache of cash from him, passed away here on Monday.

The Hindu

Yediyurappa government’s decision to hand over D.K. Shivakumar case to CBI not as per law: Karnataka Cabinet

The State Cabinet on Thursday decided that the earlier sanction given by the BJP government to hand over the case against Deputy Chief Minister D. K. Shivakumar to the Central Bureau of Investigation (CBI) as “not in accordance with law”.

Dynamite News

Several locations in Tamil Nadu allegedly linked to DMK leaders raided by IT

The Income Tax Department conducted searches in various locations in the Karur district of Tamil Nadu.

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