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Tuesday, March 17, 2026
TopicIncome Tax Department

Topic: Income Tax Department

10 yrs on, why Delhi HC rapped & fined I-T dept over notices to NDTV founders Prannoy & Radhika Roy

Court ended decade-old tax case against NDTV founders and imposed costs of Rs 2 lakh on IT department for ‘unnecessary harassment of an assessee’.

Faceless assessment ‘scam’: How nexus of I-T officers & CAs rigged the system to net big fish

The agency has booked nine people, including I-T deputy commissioner Vijayendran R and two department inspectors, apart from a number of chartered accountants.

With amassed assets worth Rs 500-700 cr, how ‘corrupt’ ex-RTO constable has sparked political row in MP

Saurabh Sharma is on the run, and facing criminal proceedings by the state’s Lokayukta, I-T dept & ED over charges of amassing assets hugely disproportionate to his legal income.

Stock-in trade cannot be seized from bank lockers. I-T dept pulled up for seizure of company jewellery

The Punjab & Haryana High Court called the physical withholding of the jewellery belonging to Dillano Luxurious Jewels by the tax authorities "wholly unwarranted".

Why X users are congratulating Nirmala Sitharaman over world chess champion D Gukesh’s win

At just 18, D Gukesh has claimed the World Chess Championship title by defeating China's Ding Liren, making a whopping Rs 11.45 crore in prize money.

Personal income tax now over 30% of govt’s tax revenue, significantly higher than corporate tax

The I-T dept Thursday released time-series data on direct tax collections between 2000-01 & 2023-24, showing an increasing reliance on direct taxes versus indirect taxes.

‘Unaccounted transactions, concrete evidence’ — HC dismisses Congress challenge to IT reassessment

Congress had filed 3 writ petitions challenging Income Tax dept claim that material on record is sufficient to show ‘escaped’ income of party is upwards of Rs 520 crore.

Interim relief for Congress from tax tribunal after party claims bank accounts ‘frozen by I-T dept’

Earlier Friday, Congress leader Ajay Maken claimed I-T dept had served recovery notice of Rs 210 cr & frozen party's accounts, making it difficult to pay staff salaries & electricity bills.

Over Rs 350 cr recovered from ‘hidden chambers, safe houses’ — I-T dept on raids ‘linked to’ Congress MP

IT dept says operation covered 30+ premises across 10 districts in Odisha, Jharkhand & West Bengal, adding that one member of family that owns business is 'politically exposed'.

What happens to cash seized in income tax raids? A look as Congress MP-linked ‘Rs 350cr’ op goes on

An income tax department operation under way for a week and counting has been in the news for seizures described as being34weds among the highest ever.

On Camera

Free gas to waivers, govt-owned gas firms roll out incentives to push households from LPG to PNG

IGL, MGL & other city gas distributors announce benefits to encourage LPG users to shift to piped natural gas as Centre flags concerns over LPG supply in the wake of Iran conflict.

Supreme Leader Mojtaba, the man Iran must keep alive & the secret force ‘tasked with it’—all about NOPO

The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.

Peaceful power transfers followed uprisings in India’s neighbourhood. It’s a sign of mature democracies

Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.