Real Estate Mumbai
I-T Department Targets High Rollers with Luxury Lifestyles and Low Bank Statements
The Income Tax (I-T) Department in Mumbai has launched a crackdown on individuals who flaunt lavish lifestyles while showing minimal bank transactions. This initiative aims to uncover potential tax evasion and ensure fair financial practices in the real e
Real Estate Mumbai
IT Department Seizes Over ₹10 Crore in Cash from Three Mumbai Builders During Surprise Raids
The Income Tax (IT) department recently conducted surprise raids on three prominent real estate developers in Mumbai, seizing over ₹10 crore in undeclared cash. The raids highlight the ongoing efforts to combat black money and financial irregularities in
Real Estate Maharashtra
Bhopal: 52 Kg Gold, ₹10 Crore Cash Seized from Abandoned Car: Links to High-Profile Case Unveiled
The Income Tax (IT) department has made a significant seizure of 52 kilograms of gold and ₹10 crore in cash from an abandoned car in Bhopal. The haul is believed to be linked to an ongoing high-profile case.
Real Estate Maharashtra
Ajit Pawar Receives Clean Chit in Benami Property Case; IT Department Releases Seized Assets
The Income Tax (IT) department has dismissed the case against Ajit Pawar, his wife Sunetra Pawar, and son Parth Pawar, releasing all previously seized assets. The tribunal found no evidence of funds being transferred for the procurement of benami properti
Real Estate Mumbai
Ajit Pawar Cleared in Benami Property Case: Assets Released by IT Department
The case revolves around the acquisition of the Jarandeshwar Sahakari Sugar Mill by a Mumbai firm in an auction conducted by the Maharashtra State Co-operative Department. Ajit Pawar, Deputy Chief Minister of Maharashtra, has been given a clean chit in th
Real Estate Mumbai
Tax Disputes on the Rise: A Growing Concern for Taxpayers and the IT Department
The increasing number of tax disputes is causing trouble for both taxpayers and the IT department. Real estate companies, including mall builders, are expected to be impacted.