Political Donations: Income Tax Dept. Probes Taxpayers who Availed S.80GGC Deduction for FY 21 & 22
Reports from different corners of the nation point towards an extensive investigation launched by the Income Tax Department to probe into taxpayers...
![Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-High-Court-Black-Money-Foreign-Income-TAXSCAN.jpg "Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]")
Used Luxury Car Showroom Raid in Kozhikode, Kerala: Income Tax Dept unveils Rs. 102 Cr Black Money Transactions
Black money transactions totaling Rs 102 crores were uncovered in an income tax raid at a used car showroom in Kozhikode. The fraud reportedly took place at Royal Drive, owned by Malappuram native...
Manjummel Boys Producers in Trouble, ED launches Investigation against Money Laundering Allegations
The Directorate of Enforcement ( ED ) is investigating ‘Parava Films’, the producers of 'Manjummel Boys'. The Enforcement Directorate will investigate whether Parava Films has carried out black money...
Know the Provisions in Income Tax Act and Other Legislations against Circulation of Black Money in Real Estate
The following was asked in an unstarred question in Lok Sabha addressed to the Finance Minister, the Minister of State for Finance Pankaj Chaudhary. Whether the Government has made any estimate of...
Penalty order passed under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act without considering Reply of Assessee: Delhi HC sets aside Penalty Order
The Delhi High Court set aside the penalty order passed under Black Money (Undisclosed Foreign Income And Assets) And the Imposition of Tax Act without considering the reply of the assessee. ...
