I never threatened I-T officials: Nitin Gadkari

Last Updated: Sunday, January 27, 2013, 19:49

Nitin Gadkari Sunday denied he had threatened income tax authorities.

Indian-American pleads guilty to hiding millions in secret a/c

Last Updated: Wednesday, January 9, 2013, 12:38

An Indian-American entrepreneur has pleaded guilty to charges that he concealed from US tax authorities nearly USD 7.9 million which he held in secret bank accounts in India and Switzerland and has agreed to pay USD 2.4 million penalty for not disclosing them.

'Banks sharing data with IT dept will help deter tax evasions'

Last Updated: Thursday, May 31, 2012, 21:43

Banks agreeing to share data with the income tax authorities will help in checking accumulation of black money and keep tax evaders at bay, industry body Assocham said on Thursday.

Credit Suisse tells US clients it will disclose names

Last Updated: Tuesday, November 8, 2011, 09:35

Credit Suisse AG, Switzerland's second-largest bank, has begun notifying certain US clients suspected of offshore tax evasion that it intends to turn over their names to the US Internal Revenue Service, with the help of Swiss tax authorities.

I-T authorities can dissect any takeover deal: SC

Last Updated: Thursday, August 4, 2011, 20:30

The Supreme Court on Thursday said income-tax (I-T) authorities can go behind a deal to ascertain whether it is a genuine and legal transaction or something else dressed up as a business deal.