Chandigarh, Feb 13 (IANS) Two days after the Enforcement Directorate (ED) summoned former Punjab Chief Minister and BJP leader Capt Amarinder Singh and his son, Raninder Singh, in a 2016 Foreign Exchange Management Act (FEMA) case, the officer heading the federal agency office in Jalandhar has been transferred.A Union Ministry of Finance order reads, “Additional Director Ravi Tiwari, a 2009-batch Indian Revenue Service (IRS) officer, who had been posted to Jalandhar in September 2023, has now be…
Latest Income Tax Department News & Updates
Kochi/Bengaluru, Feb 12 (IANS) The Special Investigation Team (SIT) probing the death of Confident Group Chairman C. J. Roy has found no evidence to support allegations that Income Tax Department officials harassed or pressured him prior to his death. As the investigation enters its final phase, officials say preliminary findings point to severe business-related stress as the likely trigger behind the suspected suicide.The SIT has confirmed that Roy was not questioned by Income Tax officials on …
Chandigarh, Feb 12 (IANS) The Enforcement Directorate has summoned BJP leader and former Punjab Chief Minister Capt Amarinder Singh and his son Raninder Singh in connection with a Foreign Exchange Management Act (FEMA) violation case of 2016. The father-son duo has been accused of being the beneficiaries of certain foreign assets, including a Swiss bank account.While Capt Amarinder Singh has been asked to appear before the ED at its Jalandhar office on Thursday, his son will be appearing on Thur…
New Delhi, Feb 11 (IANS) BJP National Spokesperson Pradeep Bhandari on Wednesday raised questions about Trinamool Congress Lok Sabha member Mahua Moitra’s alleged tax evasion and “abetment” under the income tax law.Bhandari posted documents and references on his X handle in this regard and said, “Rather than filing fake cases in an attempt to intimidate people on social media; she should answer.”He questioned whether she engaged in “wilful tax evasion” and abetment under income tax laws thro…
Patna, Feb 10 (IANS) In a surprising turn of events, a police raid conducted in the Chakmahesi police station area of Samastipur on Tuesday evening led to the recovery of a huge amount of cash instead of illicit liquor. Acting on information about an illegal liquor business, a police team led by Chakmahesi SHO Manish Kumar raided a hut near the Saidpur Market Committee.During the search, police noticed a carton kept in a corner of the house. On opening it, they found a bag filled with tea leaves…
Mumbai, Feb 9 (IANS) The Income Tax Department’s draft Income‑tax Rules proposed a comprehensive renumbering of tax forms that would improve reporting ease and enhance compliance for taxpayers, professionals and institutions as the Income‑tax Act, 2025 is set to come into force on April 1.The draft rules, released with new form templates, replace legacy form numbers that evolved over decades and will reduce ambiguity and duplication in filings for taxpayers, experts said.It will better int…
Kolkata, Feb 9 (IANS) The officials of the Income Tax (IT) department have been conducting simultaneous raids and search operations at 20 locations in and around Kolkata since Monday morning.One of the places where such raid and search operations by the IT officials are being conducted includes the residence of an influential businessman from the state at the posh Raja Santosh Road at Alipore in south Kolkata.Simultaneous raid and search operations are also being conducted at the said businessma…
New Delhi, Feb 7 (IANS) The Central Bureau of Investigation (CBI) has apprehended Scientist-C, Foreign Manufacture Certification Department (FMDC), Bureau of Indian Standards (BIS) in New Delhi, for demanding and accepting a bribe of Rs. 70,000, officials said on Saturday.According to the authorities, the CBI registered the instant case on Friday against the accused Scientist-C Abhijeet Singh based on a complaint alleging that the accused scientist demanded a bribe of Rs. 70,000 for clearing a f…
Chennai, Feb 3 (IANS) The CBI arrested a stenographer of the Income Tax Department while demanding and accepting a bribe of Rs 1.50 lakh for nullifying a matter related to Rs 19 lakh dues of a taxpayer, an official said on Tuesday.Abhinandan Singh, stenographer, Non-Corporate Ward-Income Tax Department, Chennai, was arrested on Monday and produced in a Special CBI Court on Tuesday, the CBI said.The Special CBI Court, Chennai, sent Abhinandan Singh to judicial custody after the CBI informed the c…
Thiruvananthapuram, Feb 2 (IANS) Kerala Chief Minister Pinarayi Vijayan has written a letter to Union Finance Minister Nirmala Sitharaman seeking a judicial probe into the unnatural death of C.J. Roy in the midst of a search action by the Income Tax personnel on January 30.“I write this letter to share the deep sorrow of the people of Kerala on the unnatural death of Roy. The business community and the civil society are shocked on hearing about this event. Let me state at the outset that this …