Latest Income Tax Department News & Updates

Bengaluru, Jan 31 (IANS) Karnataka Home Minister G. Parameshwara stated on Saturday that the state police investigating the death of known industrialist, Confident Group Founder and Chairman C.J. Roy during the raid by the Income Tax (IT) Department in Bengaluru, will first look at the suicide angle.He said the police are currently not looking at the angle of alleged pressure by the IT Department officials, leading to his death. “During the course of investigation, if any matters come up, then i…

Bengaluru, Jan 30 (IANS) Confident Group Founder and Chairman C.J. Roy allegedly shot himself dead at his office in Bengaluru on Friday. The cause behind the suicide is yet to be ascertained. Preliminary investigations have revealed that Roy shot himself during an IT raid on his office. However, the police stated that it is a matter of investigation.The incident occurred at his property on Longford Road in Bengaluru, which falls under the Ashoknagar police station limits.Bengaluru Police Commiss…

Bengaluru, Jan 30 (IANS) In a major development, Confident Group Founder and Chairman C.J. Roy allegedly shot himself dead at his office in Bengaluru on Friday. The cause behind the suicide is yet to be ascertained. The incident occurred at his property on Longford Road in Bengaluru, which falls under the Ashoknagar police station limits. The Confident Group is one of the prominent real estate companies in the country. Police stated that the IT Department sleuths arrived in two vehicles and raid…

Patna, Jan 29 (IANS) The Income Tax Department on Thursday conducted simultaneous raids at three locations in Bihar’s Gaya ji district.The action is being described not as a routine inquiry but as a well-planned search and seizure operation, triggering a wave of anxiety across the local business community.As soon as Income Tax Department vehicles entered the Hath Godam area under the Kotwali police station limits, panic spread throughout the locality.Sources said the raids targeted the premises …

Hyderabad, Jan 28 (IANS) The Directorate of Enforcement (ED) has filed a prosecution complaint in a Telangana court against 10 accused in a matter related to forceful occupation and selling of land and other properties by gangster Nayeemuddin and his associates and prayed for confiscation of 91 properties, an agency statement said on WednesdayThe ED’s Hyderabad Zonal Office filed the prosecution complaint before the MSJ Court, Rangareddy district, against Pasham Srinivas, Haseena Begum, Mohammed…

New Delhi, Jan 26 (IANS) Seven years is a long time in cricket. For Bharti Fulmali, it felt even longer. The big-hitting middle-order batter from Amravati had made her India T20I debut against England in Guwahati in 2019. She impressed early by charging down the pitch to hit Laura Marsh for a boundary on her third ball in international cricket, but managed only 18 and 5 in two outings before being left out. As the years rolled by, Bharti, who holds a job with the Income Tax Department, resigned …

Mumbai, Jan 24 (IANS) Hitachi Energy India Limited said on Saturday that it has received a tax demand notice from the Income-tax Department for the assessment year 2022–23, asking the company to pay Rs 26.07 crore. This amount includes Rs 16.40 crore as income tax and Rs 9.67 crore as interest, according to the company’s exchange filing.The company said it received the order from the Assessment Unit on January 23, 2026, at around 3:39 pm.According to Hitachi Energy India, the tax demand is l…

Bhubaneswar, Jan 17 (IANS) Samajwadi Party (SP) President Akhilesh Yadav on Saturday met BJD chief Naveen Patnaik, even as he described the interaction as a casual meeting. The meeting, however, has sparked speculation about the possibility of shaping a joint strategy to challenge the Bharatiya Janata Party (BJP) through democratic processes and public support.Describing the Biju Janata Dal (BJD) chief as a senior and respected leader dedicated to the welfare of the poor, Akhilesh, while talking…

New Delhi, Jan 16 (IANS) The Income Tax Department has revived the assessment proceedings against Tiger Global following the favourable Supreme Court judgment on the capital gains tax that has to be paid by the US equity investor on the sale of Flipkart shares to American retail giant Walmart for Rs 14,500 crore.A senior official told IANS that the Income Tax Department has already withheld approximately Rs 967.52 crore as tax deducted at source, under Section 241A, for which the company had cla…

New Delhi, Jan 14 (IANS) The Lokpal of India has dismissed a complaint alleging acquisition of disproportionate assets (DA) against BJP MP Nishikant Dubey, holding that no case was made out either against the public servant or his wife, who is an independent professional and not a public servant. In a detailed order, the anti-corruption body, presided over by Justice A.M. Khanwilkar, observed that the complaint was based on a selective and incomplete reading of the election affidavits filed by N…