Income Tax Department targets It SEZ developer, prominent stainless-steel supplier; conducts raids in Tamil Nadu

Newsroom24x7 Network New Delhi/Chennai: The Income Tax Department conducted searches on Friday 27 November 2020 in the case of an IT SEZ developer, its ex-Director and a prominent stainless-steel supplier in Chennai. The search operation was carried out at 16 premises located in Chennai, Mumbai, Hyderabad and Cuddalore. The evidences unearthed include unaccounted assets worth… Read More Income Tax Department targets It SEZ developer, prominent stainless-steel supplier; conducts raids in Tamil Nadu

Vested interests batting for compensation in the Antrix-Devas case

Lalit Shastri A news item in a popular section of the media with the title “Vodafone, Antrix/ Devas: When government goes back on commitments made, it scares away investors” is obviously batting for the vested interests – especially with regard to the Antrix-Devas agreement that was abandoned due to alleged criminal offence by those who… Read More Vested interests batting for compensation in the Antrix-Devas case

IT raids across many States to smash the racket of generation of huge cash through fake billing

Newsroom24x7 Network New Delhi: The Income tax Department has carried out a search and seizure action on Monday 26 October 2020 on a large network of individuals running the racket of entry operation and generation of huge cash through fake billing. The search operations have been conducted on 42 premises across Delhi- NCR, Haryana, Punjab,… Read More IT raids across many States to smash the racket of generation of huge cash through fake billing