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I-T Dept to re-assess ITRs of rich buyers of Nirav Modi jewellery

Saturday, July 14, 2018, 3:13 PM

The Income Tax Department has decided to re-assess the ITRs of over 50 HNIs who purchased costly jewellery from firms owned by Nirav Modi. The taxman decided to initiate the step after a number of people, it sent notices asking them to explain the source of income for purchase of the jewellery, denied any cash-payment made by them to Nirav Modi's firms.
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IT department among top three revenue earners: Official

Saturday, June 2, 2018, 5:14 PM

The Income Tax Department now ranks among the top three "revenue-earners" of the central government and there is still a huge potential for growth, a top IT official has said. Principal Chief Commissioner of Income Tax, (PR-CCIT) Pune, Vinodanand Jha said in a statement released on Saturday that there was a huge possibility of tax revenue growth from the Panvel region.
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IT dept attaches Lalu familys suspected benami property in Patna

Saturday, April 28, 2018, 7:52 AM

The Income-Tax department has attached a property worth more than Rs 3 crore near Patna, suspected to be a benami asset held by RJD chief Lalu Prasad's family members who are facing investigation in a land-for-hotels scam. IT department officials have put an attachment notice on the said property in Sheikhpura locality of the state capital.

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