Cash amounting to ₹ 11.88 crore and jewellery worth ₹ 1.93 crore were also seized during the action against the groups based in and around Yadagirigutta, a suburb of Telangana's capital city, the Central Board of Direct Taxes (CBDT) said.
Zoran Mamic has no further avenue for appeal, and will have to go to prison upon receiving the formal notification of the court ruling.
The Income Tax Department on Wednesday raided the homes and offices of Bollywood actor Taapsee Pannu and filmmaker Anurag Kashyap as well as his partners who launched the now-shuttered production house Phantom Films, officials said. The searches, part of a tax evasion probe against Phantom Films and carried out across 30 locations in Mumbai and Pune, also covered Reliance Entertainment group CEO Shibhasish Sarkar and some executives of celebrity and talent management companies KWAN and Exceed, they said.
The Central Board of Direct Taxes (CBDT) has launched an automated dedicated e-portal on the e-filing website of the department to receive and process complaints of tax evasion, foreign undisclosed assets as well as grievances regarding benami properties.
Robert Vadra, who is a businessman, said he has provided all documents that the Income Tax Department and Enforcement Directorate had demanded.
In a massive crackdown on GST evaders, the government has initiated action against 7,000 entities including the arrest of 187 -- a campaign that contributed to buoyancy in tax collection.
The firm was evading the payment of Goods and Services Tax (GST) by manufacturing and clandestinely supplying gutkha/pan masala/tobacco products without any registration and payment of duty, it said.
The Income Tax Department has detected tax evasion of more than Rs 700 crore after it recently raided multiple locations of Chennai-based Chettinad Group, the CBDT and official sources said on Tuesday.
The German federation is suspected of avoiding paying taxes of about 4.7 million euros ($5.5 million) for the period.
The GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national capital. The GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national capital.
Income Tax sleuths have unearthed Rs 300 crore suspected evasion during raids on premises linked to various Tamil film personalities including superstar Vijay, producer of blockbuster 'Bigil' and several hideouts of a financier of the film.
A quick look at some of the most commonly-availed sections of the Income Tax Act which provide you tax savings.
Karti and his wife's advocate N R R Arun Natarajan, in a "statement on behalf of Mrs and Mr Karti P Chidambaram," said no cash was received in the sale transaction.
GST officials have unearthed a racket involving fake invoicing worth Rs 1,600 crore that resulted in tax evasion of Rs 241 crore, an official release said in a statement on Thursday. The racket was busted by the anti-evasion wing of CGST Delhi South Commissionerate.
The income-tax (I-T) department has conducted searches at 39 locations to check alleged tax evasion by brokers and traders operating at the Bombay Stock Exchange in transactions worth about Rs 3,500 crore, the CBDT said on Saturday.
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