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Saturday, August 23, 2025
TopicIT raids

Topic: IT raids

CISF suspends 5 personnel who carried out fake I-T raid at woman’s home & took away cash, jewellery

According to police, the woman and her stepmother were embroiled in a property dispute, and the latter sought help from a relative, who brought a CISF inspector on board with the plan.

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'.

Sahus of Lohardaga — after over Rs 300-cr IT seizure, lens on 6 brothers, their firms, Congress link

Nearly all Ranchi politicians who know Dhiraj Sahu & his family agree that amount of money the I-T teams seized was not 'unexpected' given their flourishing family business.

‘BJP clearly afraid’: Stalin slams ‘vindictive politics against INDIA bloc’ after DMK MP faces IT raids

Homes of MP S Jagathrakshakan's relatives also searched in connection with suspected tax evasion. Stalin says arrest of AAP MP Sanjay Singh also example of BJP's 'misuse of agencies'.

Income tax dept raids five Shree Cement locations in Rajasthan, reports CNBC-TV18

A survey action by the I-T department is an investigative procedure carried out to ascertain a taxpayer's actual income in a financial year, the report said.

IT ‘survey’ at BBC ends after nearly 60 hrs, company says will cooperate with authorities

According to the company, the survey was carried out to investigate issues related to international taxation & transfer pricing of BBC subsidiary companies.

3 reasons why the Modi govt ordered an I-T raid on BBC — none of them makes sense

The move against BBC mirrors Indira Gandhi’s tactics during the Emergency. She learnt from her mistakes, will the BJP?

Black money traced, say IT officials after raids on meat producers & exporters in 3 UP districts

Raids in Lucknow, Bareilly and Unnao lasted four days. IT officials claim to have traced Rs 1,200 crore in black money. UP GST dept conducted statewide raids earlier this month.

IT department seizes cash & jewellery worth Rs 70 crore during raids in Maharashtra’s Jalna

The raids were launched last week on the business entity engaged in steel and real estate after actionable inputs of alleged tax evasion were received against it, officials said.

Why former Karnataka CM Yediyurappa’s PA is at the centre of a political storm following IT raids

Former CM says doesn't want to link I-T raids with politics. But behind closed doors rumblings of a tug of war between BJP & the leader have only grown louder.

On Camera

Swraj Paul was the original NRI powerbroker. Helped Indira’s return, shaped India Inc

When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.

New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC

New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.

India and France to jointly develop and manufacture 120 kN engine for homegrown AMCA

The new engine, set to be developed over the next 10 years, will power the second tranche of Advanced Medium Combat Aircraft. First set will be equipped with GE 414 engines.

Europe is sitting at Trump’s table, and there’s a lesson for India

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.