The business group is controlled by a person with an active political background, an official release by the Union Ministry of Finance said on Tuesday without naming anyone.
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The Income Tax Department on Tuesday conducted raids at the office of private real estate developer Ankita Builders and its owner Narayan Acharya's residence in Karnataka's Hubballi.
The Income Tax Department on Monday conducted raids at two residential premises of former Congress leader Gangadhar Gowda and an educational institution in Belthangady of Karnataka's Dakshina Kannada.
"I will approach the High Courts; I will fight till the last breath. I believe in a court of law. I still believe they have done an injustice. Everything is transparent," said Shivakumar, the Karnataka Pradesh Congress Committee (KPCC) President.
The income tax raids are underway at multiple production houses in Mumbai, including the office of producer Vinod Bhanushali and the house of Jayantilal Gada, the Income Tax department said.
"Bogus expenditure booked in this way by these beneficiary business entities could be to the tune of about Rs 1,000 crore," according to an official release which stated that the exercise started on March 31 and covered a total of 16 premises.
The Income Tax Department has launched a Mobile application, called 'AIS for Taxpayer' to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS), an official statement said.
New Delhi [India], March 3 (ANI/NewsVoir): If you have received any message that contains a link asking users to download an application to avail Income Tax Refund or KYC benefits with the name of Income Tax Department or reputed Banks, Beware!
The Income Tax Department gathered several evidences pertaining to the BBC India's operation which indicated that taxes were not paid on "certain remittances" which have not been disclosed as income in India by the foreign entities of the group.
In an exclusive interview with ANI, he also talked about the issue "around the review of the British Broadcasting Corporation tax affairs" in the context of the Income Tax department's survey at its offices in India.
Baghel said, "Whoever speaks against the central government will be crushed. If the Congress party raises its voice, action is taken against them. If the regional parties raise their voice, action is taken against them. We went to Assam for the election campaign, went to Uttar Pradesh, whene