According to officials, forensic teams, including the Scene of Crime Officer (SOCO) team and the Forensic Science Laboratory (FSL) team, are probing the case. Officials said Income Tax raids had been conducted at Roy's premises over the past two days.
Gokulam Gopalan said, "This is extremely painful news, especially for ordinary people and for Malayalis living abroad. He was a very close friend of mine, a generous human being who always stood with society, someone who would happily help anyone in need.
The ED has identified 91 properties acquired through this method, which were already attached by the Income Tax Department. The agency is seeking the confiscation of these properties under the Prevention of Money Laundering Act.
The accused has been sentenced to simple imprisonment for a period of 5 years and 6 months, with a fine of Rs 5,000, under Section 18 of the Unlawful Activities (Prevention) Act, and to simple imprisonment of 2.5 years, with a fine of Rs 5,000, under Section 66C of the Income Tax Act, 200
"I feel the big ticket direct tax reform has already happened, which is in the form of the new Income Tax Act that we have now," Hemkar told ANI in an exclusive interview.
India's net direct tax collections for the financial year 2025-26 have recorded a strong growth of 8.82 per cent, reaching Rs 18.38 lakh crore as of January 11, 2026, compared with Rs 16.89 lakh crore collected during the same period last year, according to official data released by the Inco
PM Modi outlined key reforms, including GST reforms that boosted MSMEs and positively impacted sectors; 100% FDI approved insurance sector; Income Tax law updated after 60 years, benefiting crores of taxpayers and labour reforms that will benefit workers, industry. He linked reforms to In
Congress leader Pawan Khera on Friday said that the Bhartiya Janata Party (BJP) thinks of the Enforcement Directorate (ED), Income Tax Department (I-T), and the Central Bureau of Investigation (CBI) as its personal army. He claimed that the ED only conduct raids in selected states, which
Patra said the ED conducted searches at 10 locations across the country, six in West Bengal and four in Delhi, in connection with an alleged coal scam and linked hawala transactions. According to him, raids were carried out on premises connected to Anup Majhi, an accused in the coal scam,
Ind-Ra sees potential for FY27 growth to outstrip predictions, particularly with a swift Indo-US trade deal and a favorable Indian Ocean Dipole mitigating El Nino impacts. Conversely, a weaker-than-expected revival in demand could temper growth. Upcoming changes to the base year for GDP a