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File photo of Nirav Modi

Nirav Modi’s art collection is worth Rs 57 cr, includes Raja Ravi Varma & Amrita Sher-Gil

Nirav Modi’s collection, including a Ravi Varma painting worth Rs 4 crore, is set to be auctioned to recover income tax dues of Rs 95 crore.
A man holds a Rs 2000 banknote | Dhiraj Singh/Bloomberg

45% increase in e-filing by taxpayers who earn less than Rs 10 lakh a year

The sharp increase in tax filers in the lower income slabs can be mainly attributed to government’s decision to start penalising late filers.
(From left) Actors Shivarajkumar, Puneeth, Yash, Sudeep

I-T officials raid houses of top Kannada actors, producers

Sources in income-tax department said the raids were conducted on a tip-off that films like The Villain and KGF may have been used to launder money.

HC dismisses Vodafone’s plea seeking refund of Rs 4,759 crore from I-T dept

Delhi HC declined to grant relief to Vodafone saying substantial outstanding demand was pending against the company.
Sonia Gandhi and Rahul Gandhi

Supreme Court allows income tax department to reopen National Herald tax case against Rahul & Sonia

Supreme Court, however, restrained the I-T department from implementing its order in the proceedings against Rahul and Sonia Gandhi till the pendency of the matter before the court.
Raghav Bahl | Facebook

Tax raid on Raghav Bahl: Editors Guild says motivated searches will undermine media freedom

Editors Guild of India says the tax administration should not exercise its powers in a way that could be seen as intimidation of the government’s critics. New Delhi: The Editors Guild of India has taken cognisance of the Income Tax Department’s raids at the offices of news portal The Quint and the residence of its founder and promoter Raghav Bahl, saying that “motivated income-tax searches and surveys will seriously undermine media freedom”. “While the tax administration is within its rights to make inquiries in compliance with the relevant laws, it should not exercise those powers in a way that could be seen as an intimidation of the government’s critics,” the Guild stated. “The government should desist from such attempts,” it added. Bahl is a member of the Guild’s executive committee, and also one of the founders of Network18. His statement on the matter said “we are a fully tax compliant entity, and will...
Bombay High Court | Commons

Devote more time to work than boasting, Bombay High Court tells income tax department

Bombay HC was upset about lack of preparation by income tax department for a case and said arguing legal matters 'should not be taken casually'.
Madan B. Lokur

SC comes down hard on IT dept, says apex court is not a “picnic place”

The Supreme Court raps the department for making a "misleading statement" and notes that the pending matter was decided by the apex court earlier. New Delhi: The Supreme Court has slammed the Income Tax department for making "misleading statement" about pendency of an appeal while making it clear that the apex court is not a "picnic place" and cannot be treated like this. A bench headed by Justice Madan B Lokur slapped a cost of Rs 10 lakh on the department and said it was "shocked" that the Centre, through the Commissioner of Income Tax, has taken the matter "so casually". Also read: UPA slammed Urban Naxals in 2013 in SC affidavit, condemns their arrest in 2018 The bench, also comprising Justices S Abdul Nazeer and Deepak Gupta, also noted in its order that the plea was filed by the IT department after a delay of 596 days and "inadequate and unconvincing explanation" was...
Income Tax department

Ranchi I-T official’s suicide prompts diktat for officers to be courteous with juniors

Manmohan Singh, a 55-year-old officer working in the Income Tax Apellate Tribunal, Ranchi, had hanged himself on 5 June.
Indian currency | Indranil Mukherjee/AFP/Getty Images

Benami properties in 780 cases involving crores may fall as no adjudicating authority exists

Of the 860 cases that have been finalised, about 80 could be adjudicated. The remaining 780 cases bearing attachments worth crores involve some very high-profile individuals. 

On Camera

Africa has a new health care crisis — obesity

The recently published Global Wellness Index set alarm bells ringing when South Africa scored poorly for life expectancy, alcohol use, depression and diabetes.

PUBG players arrested: Overreaction by police or is addiction a public concern?

The Gujarat police arrested several PUBG lovers, many of them students, for playing the banned video game.


1 soldier killed as Pakistan violates ceasefire along LoC in J&K’s Rajouri

Pakistani troops have violated ceasefire over 110 times along the LoC since January.
Illustration by Soham Sen | ThePrint

China humiliated India because of these 5 fatal follies of Modi Doctrine

India looks less equal to China than 5 years ago, US alliance is hobbled by trade, and Pakistan looks anything but chastened by Balakot. What’s gone wrong?