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...
![ITAT Deletes Addition as Amount Was Already Declared as Business Income and No Evidence of Money Laundering [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Money-Laundering.jpg "ITAT Deletes Addition as Amount Was Already Declared as Business Income and No Evidence of Money Laundering [Read Order]")
No Money Laundering Cognizance against Govt Officials w/o prior Sanction: Supreme Court [Read Judgement]
In a landmark decision, the Supreme Court of India has ruled that prior sanction under Section 197(1) of the Criminal Procedure Code (CrPC) is mandatory before initiating criminal proceedings against...
RBI releases ‘Internal Risk Assessment Guidance’ for Money Laundering and Terrorist Financing
The Reserve Bank of India (RBI) has released the ‘Internal Risk Assessment Guidance for Money Laundering/Terrorist Financing Risks’ for its regulated entities ( REs ). The guidance, now available on...
Restriction of Addition to Rs. 1.45 Crore Despite Shell Company Involvement: ITAT upholds CIT(A)'s Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) confirmed the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to limit the addition to Rs. 1,45,10,000, acknowledging that...
![Restriction of Addition to Rs. 1.45 Crore Despite Shell Company Involvement: ITAT upholds CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Income-Tax-Restriction-of-addition-Fake-company-taxscan.jpg "Restriction of Addition to Rs. 1.45 Crore Despite Shell Company Involvement: ITAT upholds CIT(A)s Order [Read Order]")
Arrest for Money Laundering Offence by ED: Jharkhand HC rejects bail of Father of Former Chief Engineer [Read Order]
The Jharkhand High Court rejected the anticipatory bail application of the father of a former chief engineer. The ED had arrested former chief engineer Virender Ram in the disproportionate assets...
ED arrests Jharkhand Minister Alamgir Alam in Money Laundering Case, Recovers Rs.35.23cr from his PA
The Enforcement Directorate ( ED ) arrested the Jharkhand Minister Alamgir Alam in a Money Laundering Case. The ED recovered a huge amount of Rs. 35.23 crores from his Personal Assistant followed by...
