At least Rs 62 crore in cash were seized by the Income Tax Department as as part of its multi-city tax evasion operation against hawala or entry operators and individuals who prepare fake bills in Delhi.
The Income Tax Department has recovered cash and jewellery worth about Rs 5.26 crore after it carried out multi-city raids against hawala operators and individuals who prepare fake bills, the CBDT said on Tuesday.
Income-Tax department conducted raids on premises of few Chinese individuals and their India associates for running a money laundering racket worth Rs1,000 crore, the Central Board of Direct Taxes said on Tuesday.
Tax sleuths, officials said, raided premises of Amrapali Jewels, owned by Rajasthan state Congress vice president Rajiv Arora, and Om Metals Infraprojects Limited, whose promoter is believed to be close to Congress leaders in the state.
The Income-Tax department on Saturday denied harassing Karnataka Congress leader G. Parameshwara's aide N.S. Ramesh who committed suicide earlier in the day citing alleged harassment in connection with tax raids on his boss since October 10.
Ahmed Patel said the use of Income Tax department to "target" BJP's political opponents ahead of Lok Sabha polls shows the "desperation" in the ruling party.
Revenue Secretary A B Pandey and CBDT Chairman P C Mody have been called to explain the raids amid allegations by the Congress that the ruling BJP was using enforcement agencies to target it during the poll season.
It said the sleuths have recovered Rs 14.6 crore of "unaccounted" cash and seized diaries and computer files of suspect payments made between Madhya Pradesh and Delhi.
A team of nearly 200 officials from I-T department and state police swooped down on the premises at around 3 am and recovered undisclosed cash amounting to Rs 10-14 crore, they said.
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The agency had on Thursday issued fresh summons to Karti after he skipped his appearance before it in connection with the money laundering probe.
While the labs searches have declared an undisclosed income of over Rs 100 crore, the amount of referral fee in case of a single lab is more than Rs 200 crore.
The Income Tax sleuths on Friday raided the premises of Veda Nilayam, the Poes Garden, the Chennai residence of late Tamil Nadu Chief Minister J Jayalalithaa.
On Thursday, a team of around 1,800 IT officials knocked at the doors of 187 premises -- residences and offices and farmhouses -- to carry out one of the biggest income tax searches on Sasikala's kin and associates.
The IT department will look at the routing of funds within India whereas other agencies will look into the routing of money outside India, the official said.
The IT department will look at the routing of funds within India whereas other agencies will look into the routing of money outside India, the official said.
A political storm had erupted yesterday after the IT sleuths conducted raids and searches on properties linked to Shivakumar, who was overseeing the stay of 44 Congress MLAs from Gujarat at a resort near Bengaluru
“Whatever Income Tax people ask, we will give proper answer, documents and things... my brother is clean and a law-abiding citizen,” Shivakumar's brother said.
Patel, who is contesting the Rajya Sabha polls from Gujarat, said the I-T raids on the Congress minister, at whose guest house the Congress MLAs from Gujarat are staying, shows the utter desperation and frustration of BJP
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