Income Tax Department – Timeline Daily

“A Premediated Political Motivation Of Modi Government”: Yechury Writes To EC Over I-T Notices

15Apr

Elections, Lok Sabha Election 2024

“A Premediated Political Motivation Of Modi Government”: Yechury Writes To EC Over I-T Notices

The General Secretary of CPI(M), Sitaram Yechury, has written a letter to the Chief Election Commissioner complaining against the Income Tax notices against the party’s Thrissur district committee for alleged irregularities. He highlighted that the party had already submitted to the I-T and ECI “...

“Tax Terrorism”: Congress Accuses BJP Of Launching Premediated Attacks Ahead Of Elections

29Mar

Elections, Lok Sabha Election 2024

“Tax Terrorism”: Congress Accuses BJP Of Launching Premediated Attacks Ahead Of Elections

Responding to the Income Tax Department’s fresh notice of Rs 1700 crore, the Congress party has accused the ruling BJP of engaging in “the systematic process to thwart Indian democracy” in a recent press statement, highlighting the freezing of bank accounts for over a month of the already cash-strap...

I-T Recovers Rs 50 Crore From Congress After Delhi High Court Dismisses Party’s Plea To Stay Tax Demand

14Mar

Business, India

I-T Recovers Rs 50 Crore From Congress After Delhi High Court Dismisses Party’s Plea To Stay Tax Demand

Delhi High Court on Wednesday dismissed the Congress' urgent plea for an interim stay on the tax recovery order of purported Rs 130 crore overdue taxes on the party by the Income Tax department. The High Court while refusing to quash the Income Tax order observed that the tax tribunal had correctly ...

Income Tax Recovers Rs 65 Crore Dues Out Of Rs 115 Crore From Congress Account

21Feb

Business

Income Tax Recovers Rs 65 Crore Dues Out Of Rs 115 Crore From Congress Account

The Income Tax Department has recovered Rs 65 crore from the Indian National Congress Party’s bank account on Tuesday, according to a report by the news agency ANI. The report said that out of the total tax due of Rs 115 crore, the IT department recovered Rs 65 crore and it further noted that the In...

Union Home Ministry Cancels FCRA Licence Of Centre For Policy Research: Report

17Jan

India

Union Home Ministry Cancels FCRA Licence Of Centre For Policy Research: Report

The Union Ministry of Home Affairs has reportedly cancelled the Foreign Contribution Regulation Act (FCRA) registration of the Centre for Policy Research (CPR) in New Delhi. The Hindustan Times reported that the decision to cancel the institution's FCRA licence was taken last week. The Centre for...

Amazon, Apple, And Google Under Scanner Over Transfer Pricing: Report

14Nov

India

Amazon, Apple, And Google Under Scanner Over Transfer Pricing: Report

The income-tax department is reportedly investigating Apple, Google, and Amazon regarding potential tax non-payments. The Economic Times reported that the income-tax department has sought detailed explanations from these tech firms on their transfer pricing practices. The report also stated that thi...

26Oct

Elections

ED Raids Congress Rajasthan Chief; “Elections Come, ED, CBI Become Real ‘Panna Pramukh’ Of BJP,” Says Congress

As the Enforcement Directorate (ED) searches the premises linked to its Rajasthan chief, Govind Singh Dotasra the Congress has alleged that the BJP has unleashed the ED, CBI, and Income Tax Department as their 'real Panna Pramukh' on the party. Panna Pramukhs are the BJP’s electoral roll in-charges ...