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INCOME TAX SEIZURE
SC order turns up tax heat on old benami transactionsThe Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 20...10 May, 2026, 08.48 AM IST- West Bengal polls: Asset declaration of Trinamool nominee under I-T probeThe Income-Tax Department is probing Trinamool Congress MLA Debasish Kumar over alleged asset discrepancies after searches uncovered jewell...22 Apr, 2026, 01.03 AM IST
- I-T Dept finds 'discrepancies' in declaration of assets by TMC MLA: SourcesThe Income Tax Department has uncovered discrepancies in assets declared by TMC MLA Debashis Kumar. Seizures from his residence during rece...19 Apr, 2026, 09.31 PM IST
- SC rejects PIL against Income Tax search, seizure powersThe Supreme Court has declined to hear a petition questioning the search and seizure powers under Section 132 of the Income Tax Act. Judges...09 Mar, 2026, 05.10 PM IST
- Supreme Court flags challenges for IT officials if advance search notices are givenThe Supreme Court has brought to light the significant obstacles that today's investigators encounter in the realm of technology. Demanding...10 Feb, 2026, 03.46 PM IST
- Mandatory scrutiny of ITR: Income tax dept reveals the criteria how the ITRs will be selected for the scrutinyIncome tax return: The tax department has released a circular which outlines the criterias and procedure to be followed if a particular inc...23 May, 2024, 04.30 PM IST
- Higher cash seizures being recorded by I-T dept every assembly polls: CBDTCash seizures during assembly elections have substantially increased, according to CBDT Chairman Nitin Gupta. The Income-tax department is ...04 Feb, 2024, 02.45 PM IST
- I-T Department seizes assets worth Rs 1,052 cr till January this fiscalReplying to a question in the Rajya Sabha, Sitharaman further said investigation regarding tax evasion is an ongoing process and whenever a...17 Mar, 2020, 04.12 PM IST
- Bengaluru: Income Tax Department detects Rs 169 crore black money after raids on mall owners, realty playersOfficials said the raids on the two groups, that began on December 23, ended today.26 Dec, 2016, 10.25 PM IST
- Bulk cash seizures rise: Rs 31 crore in new notes seized in 4 separate incidentsIn another incident, CBI recovered Rs 65 lakh of new currency in 2000 denomination from the Senior Superintendent of Post Offices, Hyderaba...10 Dec, 2016, 11.13 PM IST
- No change in gold seizure norms in proposed I-T Law amendmentsThe proposed amendments also do not seek to tax inherited gold and jewellery, as also those items that are purchased through disclosed or a...02 Dec, 2016, 11.49 AM IST
- Penalty under search,seizure to be up 3-fold at 30 per cent in I-T ActDuring 2015-16, the I-T Department conducted 445 searches which discovered undisclosed income of Rs 11,066 crore. Total assets seized were ...28 Nov, 2016, 09.40 PM IST
- Income Tax Department seizes Rs 1200 crore undisclosed income from KeralaThe Director General of Income Tax (Inv) has conducted 29 search and seizure operations during the first half of the year.22 Sep, 2016, 07.39 PM IST
- Income tax department to act tough with "wilful" evaders and non-filersIT department will step up prosecution of "wilful" evaders & non-filers to plug loopholes & ensure revenues for battling economic slowdown.04 Aug, 2014, 11.12 AM IST
- I-T officials unearth Rs 11.88 cr unaccounted incomeDuring an Income Tax Department search and seizure operation, a Surat-based textile group and its associates have admitted to having unacco...16 Jun, 2008, 10.30 PM IST
- Emmar MGF faces income tax inquiryReal estate company Emmar MGF, which plans to float an IPO to raise Rs 6,000 crore, is facing an income tax inquiry following raids on offi...14 Oct, 2007, 02.43 PM IST
- Taxman triples Mumbai searches in ’05-06, seizes Rs 4,215 crorencome tax searches in commercial capital Mumbai has more than tripled within one year, from 11 to 39.29 Jul, 2006, 12.04 AM IST
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