Congress MP Dheeraj Sahu in Trouble, Income Tax Raid Seizures cross 350 Cr
The unaccounted cash discovered at locations associated with Congress c MP Dhiraj Sahu has surged to ₹353 crore as the final tally concluded on...
Income Tax Evasion: Calcutta HC upholds 90 Assessment Orders relating to Penny Stock Scam worth Rs. 38,000 [Read Order]
In a significant ruling relating to the penny stock probe, a division bench of the Calcutta High Court has upheld the additions made by the income tax department under section 68 of the Income Tax...
![Income Tax Evasion: Calcutta HC upholds 90 Assessment Orders relating to Penny Stock Scam worth Rs. 38,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Evasion-Calcutta-HC-Assessment-Orders-Penny-Stock-Scam-taxscan.jpeg "Income Tax Evasion: Calcutta HC upholds 90 Assessment Orders relating to Penny Stock Scam worth Rs. 38,000 [Read Order]")
Govt designates Special Courts to Prosecute Black Money Offences in Tamil Nadu, Delhi, and Rajasthan [Read Notification]
The Central Board of Direct Taxes (CBDT) has issued a few notifications establishing Special Courts to prosecute offences relating to black money in Tamil Nadu, Rajasthan, and Delhi. In the first...
Alleged Black Money in Foreign bank accounts: ITAT deletes Addition against CA for want of Beneficial Interest in Company [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deletes addition on account of Black Money in Foreign bank accounts with HSBC as the assessee has no beneficial interest in the company....
![Alleged Black Money in Foreign bank accounts: ITAT deletes Addition against CA for want of Beneficial Interest in Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/HSBC-Bank-Black-Money-Foreign-bank-accounts-ITAT-CA-Taxscan.jpg "Alleged Black Money in Foreign bank accounts: ITAT deletes Addition against CA for want of Beneficial Interest in Company [Read Order]")
Plea in Supreme Court seeking Life Imprisonment for Bribery, Black Money, Benami Property, Tax Evasion etc...
A Public Interest Litigation (PIL) has been filed before the Supreme Court seeking a direction to the Centre to ascertain the feasibility of confiscating black money, Benami properties, and...
Income Tax Department is back after 3 months, to connect with Assessees facing probe [Read Letter]
The Income Tax Department, after a gap of three months, will once again start sending communications to assessees facing investigation or proceedings under the Income Tax Act, black money, or Benami...
![Income Tax Department is back after 3 months, to connect with Assessees facing probe [Read Letter]](https://www.taxscan.in/wp-content/uploads/2020/08/Income-Tax-Department-Assessees-Taxscan.jpg "Income Tax Department is back after 3 months, to connect with Assessees facing probe [Read Letter]")