Dalits means oppressed in Sanskrit .
http://www.deccanherald.com/content/587864/ex-tn-chief-secys-son.html
Income Tax officials today claimed that former Tamil Nadu Chief Secretary P Rama Mohana Rao's son has "admitted to a total unaccounted income of about Rs 17 crore", a day after I-T raids were carried out at the top bureaucrat's house, office and other premises linked to his kin in connection with a tax evasion probe.
"Vivek has admitted to a total unaccounted income of about [approximately] Rs 17 crore which includes Rs five crore disclosure made by him yesterday," a top tax official told PTI on the condition of anonymity.
He said disclosure of income made by Vivek happened against the backdrop of evidence gathered by tax sleuths after they zeroed in on Shekar Reddy and his associate from whose premises cash of Rs 135 crore and 177 kg gold bars were seized recently. Vivek could not be contacted for his comment.
Rao was today replaced from the top post and Additional Chief Secretary Girija Vaidyanathan was appointed as the new Chief Secretary. Similarly, in related searches conducted by I-T sleuths at the premises of two individuals here -- one of them a former IFS official who headed the state's Environment Impact Assessment Authority -- the duo had also admitted unaccounted money, the official said.
"While the former IFS official has admitted to unaccounted money -- an income of about Rs 1.1 crore, another person has admitted to Rs 1.75 crore," the official said, adding such disclosures by them have come close on the heels of "evidence following the Shekar Reddy case".
To a query if they had seized anything from the duo, the official said "some seizures," without elaborating further. Continuing its crackdown on black money post demonetisation, the Income Tax department had yesterday searched 11 locations linked to Rao, including his official chamber and residence, besides those of his son, and claimed to have seized Rs 30 lakh in new currency and five kg gold.
The searches were also conducted in Chitoor on premises of Rao's relatives in neighbouring Andhra Pradesh. IT officials had yesterday claimed Vivek had admitted to having undisclosed income of Rs five crore.
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http://www.deccanherald.com/content/587835/i-t-dept-recovers-rs.html
Nagaon (Assam), Dec 22, 2016, (PTI)
In a major seizure, the Income Tax Department today recovered at least Rs 2.3 crore cash in new currency notes from a local businessman.
According to officials, I-T sleuths raided the house and business entity of Amulya Das, owner of Mahim Enterprises in Nagaon town, this afternoon.
"The counting is not yet over. So far Rs 2.3 crore have been recovered. All the cash are in new notes of Rs 2,000 and Rs 500. The amount may increase further," an official said.
When contacted, Nagaon Superintendent of Police Debaraj Upadhaya confirmed the development.
"The raid is being carried out by the Income Tax Department. We have given them only the background support. They have raided Mahim Enterprise owned by Amulya Das in Boro Bazar area," he said.
Upadhaya said cash worth "several crores" have been seized and they were of "new notes".
It was learnt that Das was in the business of gutkha and pan masala even though they are banned.
I-T officials engaged one person to buy pan masala from that establishment and when he asked for a cash memo, it was refused.
At that moment, I-T officials under the leadership of Raktim Saikia raided the establishment this afternoon.
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http://www.deccanchronicle.com/nati...ials-seize-rs-134-cr-in-2000-rupee-notes.html
Chennai: The Directorate of Revenue Intelligence (DRI) officials on Thursday bust a Hawala racket and seized Rs 1.34 crore in new Rs 2,000 denomination besides foreign currencies worth $7000 from a gang of five at the Chennai airport.
The DRI Chennai zone officials intercepted five persons outside the Anna International airport here in the wee hours of Thursday.
The incident came to light days after the DRI officials seized 85.58 lakh cigarettes worth over Rs 10 crore from a container coming from Singapore at Inland Container Depot, Tughlakabad.
Raids are being carried out across the country in the wake of the burgeoning fake currency racket post demonetisation.
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http://www.deccanchronicle.com/nati...-20-lakhs-in-new-notes-seized-2-arrested.html
Sambhal: Two persons were arrested after over Rs.20 lakh in new notes were recovered from them on the Moradabad road here.
Police intercepted a car and found currency notes packed in two bags in Chandausi area here last night, SDM Amit Kumar said on Thursday.
The duo identified as Vishnu Srivastav and Ranjit Kumar were taken to a police station where the Income Tax department team opened the bags which were found to be carrying Rs 16 lakh in Rs 2000 notes and remaining cash in the denomination of Rs.100, Rs.50 and Rs.10.
They said the cash belonged to one Anshul Kumar of Moradabad, the SDM said, adding investigations were on.
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http://www.hindustantimes.com/india...bai-airport/story-DgsYpXAMoBdadJyDaY4BDM.html
Cash worth Rs 28 lakh in new Rs 2,000 denomination notes was seized from a Dubai-bound passenger at Mumbai’s international airport on Thursday, an official said.
The passenger, identified as Ashraf Veetil (30), was about to board a Jet Airways flight to Dubai on Thursday afternoon when he was found carrying the notes in his bag.
“When his bags were checked, Veetil was found carrying Rs 2,000 notes worth Rs 28 lakh,” an official of Chhatrapati Shivaji International Airport said.
These notes were kept inside his check-in bag, the official said, adding, “These bills were hidden inside a jeans pant, over which he had kept various items like cooker, toys and tissue papers”.
He has been detained and is being interrogated in this regard, the official said.
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http://www.hindustantimes.com/india...st-note-ban/story-p3EzrIB7QPFBHBPGiCGiDP.html
The income tax department on Thursday said it had carried out at least 43 search and survey operations across Gujarat post-demonetisation and unearthed undisclosed income as well as assets worth Rs 73.09 crore, including new currency of Rs 3.53 crore.
According to the director general of investigations of I-T Gujarat, P C Mody, as many as 30 searches and 13 surveys were carried out in different parts of the state after the Centre scrapped high value currency notes on November 8.
“During our searches we have seized cash as well as assets worth Rs 22.93 crore, including Rs 3.53 crore in new currency. During our survey operations, people have admitted to unaccounted income of Rs 50.16 crore,” said Mody at press conference in Ahmedabad on Thursday.
The senior I-T official also informed reporters that the department visited Memnagar branch of a private bank on Thursday to verify information related to transactions being done using dummy accounts.
“We only did verification upon receiving an input that transactions were made using some suspected dummy bank accounts. We have collected some documents from the bank. Further investigation is still on,” said Mody.
Mahesh Shah to be called for questioning
On Mahesh Shah, the businessman who had declared Rs 13,860 crore under the Income Declaration Scheme (IDS) and then claimed that the cash declared by him belonged to others, Mody said he will be called again for questioning.
“We will call him again for questioning. I want to assure you that whatever action as per the law deserves to be taken will be taken,” said Mody.
Principal chief commissioner of income tax, Gujarat, B D Gupta told reporters that Shah along with his chartered accountant Tehmul Sethna may face criminal proceedings for misleading the department.
“As of now, he has not revealed any names. We may file a complaint against Shah and his CA under IPC for filing false declaration. We have submitted a report to higher authorities in this regard. You will be informed very soon about our next step,” Gupta told reporters at the I-T headquarters.
67-year-old Shah, a property dealer, shot into limelight after he declared Rs 13,860 crore under IDS which closed on September 30. Later, Shah claimed that he was used a ‘front’ by some persons in declaring that money.
Shah was supposed to pay Rs 1,560 crore as the first instalment on the undisclosed income. Though November 30 was the last date, he failed to deposit the money, prompting officials to cancel his declaration and start an inquiry.
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http://www.hindustantimes.com/india...dering-case/story-X8NAPh5HMTYc0Vz3jVPIXI.html
A Kolkata-based businessman, arrested in connection with alleged conversion of over Rs 25 crore old currency in new notes, was on Thursday sent to seven days in Enforcement Directorate custody by a city court which was told that he was required to unearth the money trail.
Additional Sessions Judge Sanjiv Jain granted ED the custody of businessman Paras M Lodha, who was arrested late Wednesday after being questioned here in connection with the conversion of over Rs 25 crore of old notes in to new notes in Shekhar Reddy and Rohit Tandon cases.
The ED, in its plea seeking 14 days remand of Lodha, said his custodial interrogation was necessary to identify the names and details of international and Hawala operators involved in the matter and others who have committed the offence of money laundering under Prevention of Money Laundering Act (PMLA).
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http://www.hindustantimes.com/india...valley-scam/story-iKqy9yx8xgeniwSC6j6KdO.html
The Enforcement Directorate (ED) on Thursday attached assets worth Rs 1,250 crore, including six hotels, in its money laundering probe in the Rose Valley case.
This came months after the agency filed charge sheet under the provisions of the Prevention of Money Laundering Act (PMLA) before a sessions court against the Chairman of the Rose Valley group of companies Gautam Kundu and others.
Kundu was arrested last year by the agency under the anti-money laundering laws in Kolkata and is currently in judicial custody.
A charge-sheet had earlier been filed by the ED before a special court in Kolkata pertaining to the groups’ alleged ponzi operations in West Bengal.
The group had allegedly floated a total of 27 companies for running the alleged chit fund operations out of which only half-a-dozen were active.
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http://www.hindustantimes.com/india...osed-income/story-FlwN1cLLSAdMtUmkoTcQ9J.html
The income tax department has detected over Rs 3,590 crore of undisclosed income while more than Rs 93 crore in new notes have been seized as part of its country-wide operations against black money hoarders after the demonetisation of two high value currencies by the government.
Official sources said the taxman has carried out a total of 760 search, survey and enquiry operations under the provisions of the Income Tax Act since the note ban was declared on November 8, even as the department has issued 3,589 notices to various entities on charges of tax evasion and hawala-like dealings, till Wednesday.
The department has seized cash and jewellery worth over Rs 505 crore during the same period even as the new currency seized is valued at more than Rs 93 crore.
“The total undisclosed income admitted or detected as part of this action, till December 21, is more than Rs 3,590 crore,” they said.
The agency has also referred a total of 215 cases to the Enforcement Directorate (ED) and 185 cases to the CBI in order to enable them to probe other financial crimes like money laundering, disproportionate assets and corruption as part of their legal mandate.
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