Income Tax department raids Nashik-based jewellers, seizes Rs 116 crore in cash and assets
May 26, 2024, 12:52 PM ISTThe Income Tax Department has launched searches in response to alleged undisclosed transactions by its proprietor.
The Income Tax Department has launched searches in response to alleged undisclosed transactions by its proprietor.
The Income Tax department conducted raids at various places in Agra and recovered money worth Rs 60 crore from a shoe trader's residence.
The raids, spanning 20 locations including Kanpur, Delhi, Mumbai, and Gujarat, have exposed alleged discrepancies in the company's reported turnover, with sources revealing a staggering difference between the declared income and the actual turnover.
Earlier, the Income Tax officials and CISF personnel left Balangir after conducting raids at Congress MP Dhiraj Prasad Sahu's premises for over a week.
With the Income-Tax department seizing around Rs 350-crore black money and about 3kg gold ornaments during a series of raids on distilleries, three major parties in the state have virtually entered into a slugfest accusing each other of patronising illegality in the country-liquor trade in Odisha.
The Income Tax Department raid at properties linked to Congress MP Dheeraj Shahu is one of the biggest operations in the country. The last big recovery was Rs 257 crore from Kanpur in 2019.
Amit Shah launched a scathing attack on Congress and the Opposition's grand alliance over their silence on the cash seizure in Odisha and Jharkhand in the I-T raids in premises linked to Congress MP Dhiraj Sahu. Shah said that the BJP would take the issue to the ground among people.
The I-T Department has intensified crackdown on a liquor distillery group in Odisha. The sleuths seized another 20 bagloads of cash from the residence of a countrymade liquor manufacturer in Sudapara area of the Bolangir district on Saturday, after initially recovering nearly Rs 225 crore.
According to the officials, searches were conducted at Bolangir & Sambalpur in Odisha and Ranchi, Lohardaga in Jharkhand.
Income Tax officials carried out searches at the residence of relatives of Telangana Minister Sabitha Indra Reddy in Hyderabad.
Huge amounts of cash and other costly items have been recovered in the series of raids led by the Income Tax officials in Karnataka. Two rounds of raids made headlines after the seizure of Rs 94 crore and Rs 50 crore. The recovery of unaccounted cash triggered a slugfest between BJP and Congress.
Karnataka: A war of words had ensued between Congress and BJP following the recovery of unaccounted cash of over Rs 50 crore from people including Rs 42 crore from a contractor in the recent Income Tax raids in Bengaluru.
The assets were confiscated during raids on government contractors and real estate developers across multiple states, with searches commencing on October 12 and covering 55 locations in Bengaluru, Telangana, Andhra Pradesh, and Delhi.
As per sources, the raids are going on around 40 locations at residences and offices across Tamil Nadu of various Government contractors who have alleged links with the minister.
BBC office survey: Tax surveys continued at the offices of the British Broadcasting Corporation (BBC) in Delhi and Mumbai on Wednesday amid Opposition attacks against the government.
IT department has launched a coordinated action against the RUPPs, their linked entities, operators and others, sources said.
Chatterjee, the now-suspended Trinamool Congress leader, was arrested by the ED last month in connection with its investigation into irregularities in the recruitment of teachers by the School Service Commission.
Separate teams raided various locations of the two prominent educational institutions from early in the morning.
In Bengaluru, the IT raids were underway at Embassy Arcade Apartment in Sadashivnagar, against Narpat Singh -- Director of Embassy group.
The group has a pan-India presence having an annual turnover exceeding Rs 6,000 crore. A total of 23 premises were covered in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh, in the search operation.
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