New Delhi, March 9 (IANS) A nationwide survey conducted by the Income Tax Department on 62 restaurants across 46 cities in 22 states has revealed suppression of sales amounting to around Rs 408 crore, Finance Ministry said on Monday.The I-T Department carried out investigation relating to tax evasion pattern in Food and Beverage sector in November 2025. During the exercise, it was found that several restaurants were engaged in deletion of bulk bills and other modifications to suppress the actual…
Latest Income Tax Department News & Updates
New Delhi, March 7 (IANS) E-commerce marketplace Meesho has received an income tax demand of nearly Rs 1,500 crore for the assessment year 2023–24 and said it will challenge the order, stating that it disagrees with the tax department’s observations.The demand was issued through an assessment order under Section 143(3) of the Income Tax Act, 1961 along with a demand notice under Section 156.According to an exchange filing, the tax authorities have raised a total demand of Rs 1,499.73 crore, …
Kolkata, March 2 (IANS) The full bench of the Election Commission of India (ECI), led by Chief Election Commissioner (CEC) Gyanesh Kumar, is likely to visit West Bengal on March 9 to review the post-Special Intensive Revision (SIR) scenario in the state ahead of the 2026 Assembly elections.According to sources in the office of the Chief Electoral Officer (CEO), West Bengal, the full bench is scheduled to hold a review meeting in the state on March 10. If proceedings remain on schedule, the Commi…
New Delhi, March 1 (IANS) Fresh from a morale-boosting reprieve from a Delhi court in the liquor policy case, AAP National Convenor and former Delhi Chief Minister Arvind Kejriwal claimed that he is not corrupt as he loves India and hit out at the BJP and the Congress party for ‘duping’ the nation.Addressing a rally at Jantar Mantar, he said, “The day before yesterday, a Delhi court gave a historic verdict — in favour of the people of Delhi, in favour of the people of the country. I want to con…
Chandauli, Feb 28 (IANS) The Government Railway Police (GRP) seized Rs 1.75 crore in cash allegedly being transported illegally during a checking drive at the Pandit Deen Dayal Upadhyaya Junction in Uttar Pradesh’s Chandauli district, officials said on Saturday.The action was carried out as part of intensified security measures being undertaken ahead of the upcoming festivals. A joint team of the GRP and the Railway Protection Force (RPF) has been conducting extensive checking at railway station…
New Delhi, Feb 28 (IANS) Karnataka Minister Priyank Kharge on Saturday criticised the alleged use of central agencies following the Delhi Court’s discharge of former Chief Minister Arvind Kejriwal and former Deputy Chief Minister Manish Sisodia in the Excise Policy case. He alleged that agencies such as the CBI, Income Tax (IT) Department, and the Enforcement Directorate (ED) have been misused for political gains by the BJP. Speaking to reporters, Kharge said, “The CBI, IT and ED have been u…
Patna, Feb 27 (IANS) After the Rouse Avenue Court acquitted former Delhi Chief Minister Arvind Kejriwal, former Deputy Chief Minister Manish Sisodia, and 21 others in the alleged liquor policy scam case, RJD National Working President Tejashwi Yadav on Friday demanded fresh elections to the Delhi Legislative Assembly.Speaking to media persons at Patna airport, Yadav said the court’s verdict had proven that the charges in the so-called liquor scam were false.“The decision of the Rouse Avenue …
Lucknow, Feb 25 (IANS) An Income Tax Department search operation is underway at the Lucknow residence of Uma Shankar Singh, the only Bahujan Samaj Party legislator in Uttar Pradesh.More than three dozen officials reached his home early in the morning, accompanied by a heavy police deployment.The presence of the tax authorities and security personnel led to heightened activity in the area, while scrutiny of documents inside the house triggered political reactions.According to sources, the Income …
Surat, Feb 24 (IANS) Look-out circulars have been issued against four members of the Gajera family in Surat, Gujarat, in connection with an alleged Rs 1,928.39 crore fraud, while investigators simultaneously probe suspected financial links between their business interests and fugitive diamantaire Mehul Choksi.The circulars were issued against Vasant, Chuni, Ashok and Bakul Gajera, along with their nephew Rakesh Gajera and two associates, after police teams were unable to trace them at their resi…
Chennai, Feb 23 (IANS) DMK President and Tamil Nadu Chief Minister M. K. Stalin on Monday asserted that his party was fully prepared to face any action by central investigating agencies, accusing the BJP of misusing institutions such as the Enforcement Directorate (ED), the Income Tax (I-T) Department, and the Central Bureau of Investigation (CBI) for political purposes. In his address at a programme here, Stalin said the BJP was indulging in “political hunting” by deploying investigative agenci…