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Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
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Interim Stay On Show-Cause Notice To Anil Ambani Under Black Money Act To Continue: High Court
The Bombay High Court today continued till further orders an interim stay on show-cause notice and penalty demand issued to industrialist Anil Ambani by the Income Tax department under the Black Money Act.
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Breather For Anil Ambani From Bombay High Court On Black Money Act Notice
In a breather for Anil Ambani, the Bombay High Court on Monday directed the Income Tax department not to take any coercive action against him till November 17 on a show cause notice seeking to prosecute him under the Black Money Act.
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Tax Department Seeks To Prosecute Anil Ambani For Alleged Tax Evasion
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.
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No Official Estimate Of Black Money Stashed In Swiss Banks In Last Decade: Centre
The government has no official estimate of black money stashed in the Swiss Bank over the last 10 years, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply on Monday.
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Delhi High Court Notice To I-T Department Over Robert Vadra's Plea
The Delhi High Court on Friday issued notice to the Income Tax Department over businessman Robert Vadra's plea challenging notices issued to him on December 4, 2018, and December 18, 2019, under the Black Money Act, 2015.
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Hawala Dealer Naresh Jain Generated Black Money Worth Rs 565 Crore: Probe Agency
Alleged hawala dealer Naresh Jain and his accomplices have "generated" black money worth Rs 565 crore from their global networks till now, the Enforcement Directorate (ED) claimed on Tuesday.
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Can't Give Info On Black Money, May Harm Probe: PM Office On RTI Query
The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.
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Karti Chimdabaram Gets Anticipatory Bail In Black Money Case
In a late night hearing, the Madras High Court granted anticipatory bail to Karti Chidambaram, son of former Union Minister P Chidambaram in connection with the warrant issued against him by the Income tax department under the Black Money Act for allegedly not disclosing foreign assets.
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Benami Attachments Worth Crores May Fall Flat As No Authority For 1.5 Years
Over 780 benami asset attachments worth crores of rupees run the risk of being invalidated in the near future as the government has failed to create a designated adjudicating authority for over a year-and-a-half since the stringent law was enforced to deal with black money and corruption.
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In Set Back For P Chidambaram's Family, Court Refuses To Stay Prosecution
The Madras High Court on Wednesday refused to stay prosecution initiated against former union minister P Chidambaram's wife Nalini, son Karti, daughter-in-law Srinidhi and a firm under the Black Money Act for allegedly not disclosing their foreign assets.
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Tax Department Charge Sheets Against Us "Baseless": Chidambaram Family
The family of former finance minister P Chidambaram today said the Income Tax Department (ITD) charge sheets against them under the black money law were "baseless allegations" as the overseas investments under question were duly reflected in their IT returns.
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Tax Officials File Complaints Against Chidambaram Family Under Black Money Act
The Income Tax department today filed four charge-sheets against former Union finance minister P Chidambaram, his wife Nalini, son Karti and daughter-in-law Srinidhi under the Black Money Act for allegedly not disclosing their foreign assets.
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Can Proceed Against Karti Chidambaram Under Black Money Act: Madras High Court
The Madras High Court has allowed the Income Tax department to proceed with its inquiry based on a show cause notice issued to former union minister P Chidambaram's son Karti Chidambaram and other directors of a company under the black money act.
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What About 15 Lakh In Accounts Promised By PM Modi, Asked RTI. The Reply
A question under the RTI regarding Prime Minister Narendra Modi's promise of depositing Rs 15 lakh into every citizen's bank account, has drawn a blank from the Prime Minister's Office. The application had asked for the exact date when the money will be deposited. The PM's Office has now responded that this cannot be considered "information" under ...
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Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
-
Interim Stay On Show-Cause Notice To Anil Ambani Under Black Money Act To Continue: High Court
The Bombay High Court today continued till further orders an interim stay on show-cause notice and penalty demand issued to industrialist Anil Ambani by the Income Tax department under the Black Money Act.
-
Breather For Anil Ambani From Bombay High Court On Black Money Act Notice
In a breather for Anil Ambani, the Bombay High Court on Monday directed the Income Tax department not to take any coercive action against him till November 17 on a show cause notice seeking to prosecute him under the Black Money Act.
-
Tax Department Seeks To Prosecute Anil Ambani For Alleged Tax Evasion
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.
-
No Official Estimate Of Black Money Stashed In Swiss Banks In Last Decade: Centre
The government has no official estimate of black money stashed in the Swiss Bank over the last 10 years, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply on Monday.
-
Delhi High Court Notice To I-T Department Over Robert Vadra's Plea
The Delhi High Court on Friday issued notice to the Income Tax Department over businessman Robert Vadra's plea challenging notices issued to him on December 4, 2018, and December 18, 2019, under the Black Money Act, 2015.
-
Hawala Dealer Naresh Jain Generated Black Money Worth Rs 565 Crore: Probe Agency
Alleged hawala dealer Naresh Jain and his accomplices have "generated" black money worth Rs 565 crore from their global networks till now, the Enforcement Directorate (ED) claimed on Tuesday.
-
Can't Give Info On Black Money, May Harm Probe: PM Office On RTI Query
The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders.
-
Karti Chimdabaram Gets Anticipatory Bail In Black Money Case
In a late night hearing, the Madras High Court granted anticipatory bail to Karti Chidambaram, son of former Union Minister P Chidambaram in connection with the warrant issued against him by the Income tax department under the Black Money Act for allegedly not disclosing foreign assets.
-
Benami Attachments Worth Crores May Fall Flat As No Authority For 1.5 Years
Over 780 benami asset attachments worth crores of rupees run the risk of being invalidated in the near future as the government has failed to create a designated adjudicating authority for over a year-and-a-half since the stringent law was enforced to deal with black money and corruption.
-
In Set Back For P Chidambaram's Family, Court Refuses To Stay Prosecution
The Madras High Court on Wednesday refused to stay prosecution initiated against former union minister P Chidambaram's wife Nalini, son Karti, daughter-in-law Srinidhi and a firm under the Black Money Act for allegedly not disclosing their foreign assets.
-
Tax Department Charge Sheets Against Us "Baseless": Chidambaram Family
The family of former finance minister P Chidambaram today said the Income Tax Department (ITD) charge sheets against them under the black money law were "baseless allegations" as the overseas investments under question were duly reflected in their IT returns.
-
Tax Officials File Complaints Against Chidambaram Family Under Black Money Act
The Income Tax department today filed four charge-sheets against former Union finance minister P Chidambaram, his wife Nalini, son Karti and daughter-in-law Srinidhi under the Black Money Act for allegedly not disclosing their foreign assets.
-
Can Proceed Against Karti Chidambaram Under Black Money Act: Madras High Court
The Madras High Court has allowed the Income Tax department to proceed with its inquiry based on a show cause notice issued to former union minister P Chidambaram's son Karti Chidambaram and other directors of a company under the black money act.
-
What About 15 Lakh In Accounts Promised By PM Modi, Asked RTI. The Reply
A question under the RTI regarding Prime Minister Narendra Modi's promise of depositing Rs 15 lakh into every citizen's bank account, has drawn a blank from the Prime Minister's Office. The application had asked for the exact date when the money will be deposited. The PM's Office has now responded that this cannot be considered "information" under ...
