Initial analysis of seized documents and digital data shows that the group has been engaged in "large-scale tax evasion" by adopting variou...

"50 officers and officials have been pressed in.The raids are based on workable intelligence inputs of suspected hawala transactions will c...

The searches took place on Saturday at 30 premises in Lucknow, Mainpuri, and Mau in poll-bound Uttar Pradesh, as well as in Kolkata, Bengal...

A Kolkata-based entry operator (a person who undertakes fake transactions) was also covered in the search operation in which 30 premises in...

"Total evasion of income in these cases exceeds Rs 200 crore. Nine bank lockers have been found, which are yet to be operated," a CBDT spok...

The cases were developed on the basis of available data in the departmental database, analysis of their financial statements, market intell...

A "series of" raids and surveys were conducted by sleuths of the Delhi investigation unit of the I-T Department to unearth this racket.

Shivraj Patil was governor of Punjab during the UPA regime. In the past week, many top Congress leaders and their sons have been subjected ...

PMO last month has set up a task force under Revenue Secretary comprising members from central probe and enforcement agencies to monitor ac...

Genuine investors in IPO or those that come via FDI need not worry as there will be no change in policy on capital gains says CBDT Chief

Chandra said genuine investors in IPO or those which have come in through FDI need not worry as there will be no change in policy with rega...

FM Jaitley in his Budget proposed 10 per cent long-term capital gains tax on those who acquired shares in unlisted companies after October ...

Nearly 32,000 entities are under the scanner of both Sebi and the tax department for rampant misuse of LTCG and short term capital loss to ...

In June this year, the Mumbai IT tribunal had observed that "if payment is by cheque and delivery of shares is taken, then long-term capita...

"If payment is by cheque and delivery of shares is taken, then long-term capital gains tax cannot be treated as bogus," the tribunal said.

The Income Tax department has detected about 200 cases of bogus "long term capital gains" in Nagpur, Aurangabad and Nashik divisions of Mah...

Tilak Nagar Industries were witnessing selling pressure on reports that the company is under the I-T dept's scanner for alleged tax evasion.