The Apex Court has asked the minister and the two agencies to respond to the notice within the next ten days.
The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court on Wednesday in connection with the probe into alleged black money accounts in HSBC bank in Geneva.
A team of investigators from the Income Tax Department spent Tuesday at the residence of former Jharkhand Chief Minister Madhu Koda, sifting through his papers and questioning him about an alleged Rs 2,000 crore hawala transaction case. The Enforcement Directorate has also begun action against him in New Delhi.The department has asked its officers in Ranchi to bring a list of the seizures and records of statements of his associates, which will be put across to Koda.
The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down 14 per cent to Rs 1.49 trillion in H1FY24, data collated by Business Standard showed.
Barcelona's revenue is projected to rise to 509 million euros this season, the Spanish champions said on Tuesday, making the club only the second to cross the half-billion threshold after arch rivals Real Madrid.
There may be those who could want to go slow, citing the large pendency of follow-up action and court cases that they would have to process and/or proceed with, before raiding more politicians, observes N Sathiya Moorthy.
The agency recorded his statement under criminal sections of the Prevention of Money Laundering Act (PMLA), officials said.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
IPL Commissioner Lalit Modi was questioned by IT and Enforcement Directorate officials on Thursday.
There will be a lot to repair and rejuvenate -- if that opportunity even presents itself, warns Rathin Roy.
The Enforcement Directorate on Wednesday continued raids for the seventh day as it visited 17 locations across the country, including four shell companies in Mumbai, even as the Income Tax department attached assets worth Rs 145 crore in the alleged Rs 11,400-crore Punjab National Bank fraud.
Cash-strapped telco Vodafone Idea's proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the Union government, according to officials. A top-level group, comprising representatives from the ministries of home affairs, external affairs, finance and commerce and industry, took the decision. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue (AGR), reduce debts and use the money for operational expenses.
Close on the heels of the alleged money laundering by farm owner Hasan Ali Khan through Switzerland-based bank UBS, Europe's biggest bank by assets, another Swiss bank, Credit Suisse, has come under scrutiny of the Enforcement Directorate (ED), which investigates foreign exchange violations.
The Income Tax Department and Tamil Nadu Directorate of Vigilance and Anti-Corruption officials raided houses and business establishments of former Chief Minister Pannerselvam and a former Minister Anitha Radhakrishnan.
AAP alleged that the BJP had struck a deal with the "conman sitting in Tihar''.
Define ownership proportionately at the time of registration to ensure that you don't face problems on taxation front.
MCX deputy managing director Joseph Massey said it was a "routine investigation" by the IT department at the exchange.
Himachal Futuristic Communications Ltd (HFCL) made it public that its key promoters - Mahendra Nahata and his nephew Vinay Maloo - had parted ways.
Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.
Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.
We need to see if some system-level changes have to be brought about to eliminate the incentives that exist for multiple applications
The development followed the arrest of chartered accountant Rajesh Kumar Agrawal by the ED.
The Enforcement Directorate on Monday arrested Delhi minister Satyendar Jain in connection with a money laundering case, officials said.
India's oldest stock exchange has created weekly, monthly, quarterly and annual price bands
The I-T department expects that some more revenue would be garnered.
The CBI has initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, which had approached the agency fearing that Kothari may flee the country like Nirav Modi and his uncle Mehul Choksi.
The J-K top cops also said less than 200 militants are currently active in Jammu and Kashmir.
The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.
More than Rs 8 crore unaccounted cash has been seized in subsequent raids at various locations by Lokayukta. The arrested officer's father is Madal Virupakshappa, the MLA representing Channagiri constituency in Davangere district of the state.
Pro-Pakistan leader Syed Ali Shah Geelani's death has brought to an end a chapter of anti-India and separatist politics in Kashmir.
Capital gains exemption limit and a steep reduction in the highest surcharge will empower the masses with enhanced liquidity flow that can be invested in real estate, points out Dhaval Ajmera.
Jain, 57, is the minister for health, power, home, PWD, industries, urban development, flood, irrigation and water in the Arvind Kejriwal-led government.
A total of 194 people were booked after raids on some 249 places all over the country.
Additional levy to eat into Rs 6,000-crore income of top promoters
Samajwadi Party chief Akhilesh Yadav on Sunday accused Uttar Pradesh Chief Minister Yogi Adityanath of getting his telephones tapped and listening to the conversation every evening.
Roopa had alleged that Rs 2 crore had exchanged hands to provide special facilities to Sasikala.
Demonetisation was aimed at removing black money and corruption, but undisclosed income keeps being unearthed from various parts of the country.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
The adjustment orders for AY2012, are expected between January and March 2016.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances