The Income Tax Department is carrying out raids on the Trident Group, a diversified conglomerate with interests in yarn, home textiles, paper and stationery, chemicals, and adaptive power.
The Income Tax Department conducted search and seizure action related to some government contractors, real estate developers and their associates last week and about 55 premises were covered in Karnataka, Andhra Pradesh, Telangana and New Delhi
After the Income Tax authorities unearthed Rs 42 crore from a residence linked to a former corporator in Bengaluru, BJP national President JP Nadda on Monday said that corruption is in the DNA of Congress adding that Congress and corruption are two sides of the same coin.
Income Tax (I-T) department officials on Thursday seized a cash stash worth Rs 42 crore from the premises belonging to a contractor, R. Ambikapathy, in Bengaluru city.
According to officials privy to the investigation, the cash was packed in cartons and stashed under the bed of a flat owned by the corporator. The IT sleuths raided five locations linked to the former corporator.
Nearly Rs 1500 crore was collected from builders, gold merchants, and contractors in an attempt to spend the money and win in Telangana, said Harish Rao.
The youth has been identified as Mohan Singh Maran, a resident of Nishatpura, Karond locality, Bhopal. He was caught during checking at the Bhopal railway station by the GRP (Government Railway Police) team. The accused also presented the receipt which was found suspicious and later GRP hand
Officials from the Income tax department have been conducting searches at four places belonging to Santiago Martin at Vellakinar Pirivu and Gandhipuram in Coimbatore city since Thursday morning.
The Central government on Thursday clarified that 'Gangajal', used in pooja by households across the country, is exempted from Goods and Services Tax (GST).