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Income Tax Department

All articles tagged with #income tax department

politics2 years ago•1 min saved

"India's Congress Party Faces Frozen Bank Accounts Ahead of National Election"

India's main opposition Congress party has had its bank accounts frozen by the Income Tax Department, sparking concerns about democracy and accusations of political targeting by Prime Minister Narendra Modi's administration. Congress party Treasurer Ajay Maken insisted the penalty was unwarranted and aimed at sidelining the party ahead of upcoming elections. Critics accuse the government of using law enforcement to target political rivals, with other opposition figures also facing investigations. The BJP is expected to win the upcoming elections, with Modi remaining popular among India's Hindu majority.

via DW (English)|

#congress-party #democracy #income-tax-department

politics2 years ago•3 min saved

Massive Cash Haul Exposes Congress MP's Financial Controversy

The income-tax department's searches against an Odisha-based distillery company, owned by a Congress MP's family, have resulted in a cash seizure of Rs 351 crore, making it the "highest-ever" haul in a single action by any probe agency in India. The raids, which have been ongoing for five days, were conducted on charges of tax evasion and "off-the-book" transactions. The cash is believed to be unaccounted money earned from cash sales of country liquor. The BJP has criticized the Congress and other opposition parties, accusing them of fearing exposure of their corruption.

via NDTV|

#cash-seizure #congress-mp #corruption