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Madras HC junks Cognizant's plea against I-T dept's Rs.2,912 cr demand

Wednesday, June 26, 2019, 4:42 PM

The Madras High Court has dismissed a plea by Cognizant challenging the recovery proceedings initiated by the Income Tax department for non-payment of Rs.2,912 crore dividend distribution tax. The court directed the company to exhaust all other available legal remedies before approaching the High Court. In April 2018, the court granted interim relief to the IT company in the case.
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I-T dept to summon MP officials, Kamal Nath's relatives

Wednesday, May 29, 2019, 10:04 AM

The I-T department will soon summon top officials of the Madhya Pradesh government, politicians and relatives of Chief Minister Kamal Nath as part of its probe into an alleged "widespread and well-organised" hawala racket of about Rs.281 crore unearthed during the Lok Sabha polls, sources said. Nath and his aides had earlier termed the I-T action against them as malicious.
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IT Department Attaches Assets Worth Rs.225 Crore Of Mayawati's Ex-Aide

Wednesday, March 20, 2019, 4:56 PM

The Income Tax department has attached assets worth Rs.225 crore of Bahujan Samaj Party chief Mayawati's former secretary Net Ram and his associates as part of an alleged tax evasion probe against them, officials told news agency PTI today. A retired IAS officer, Netram was believed to be quite close to Mayawati during her tenure as Uttar Pradesh Chief Minister between 2007 and 2012.

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