The Income Tax Department has seized over Rs 55 crore of undeclared assets by raiding the premises of the former fund manager of Axis Mutual Fund, some stock brokers, and others. Evidence of large amounts of hidden investment has also been found during the raids.
According to the CBDT, Income Tax officials had started raids on July 28 at the premises of former fund manager and head trader of Axis Mutual Fund, Viresh Joshi, and others. During this, more than 25 locations were searched in Mumbai, Ahmedabad, Vadodara, Bhuj, and Kolkata. These include the hideouts of middlemen and hawala operators.
The modus operandi of the entire forgery was exposed from the affidavits of various people recovered in the raids. Viresh Joshi used to give advance information related to business to brokers and middlemen and some people abroad. These people used to make profits in the stock market by misusing this information.
Although the fund manager's name is not available in the evidence found, sources have identified Viresh Joshi. Viresh Joshi and his family members have confessed in their statement that whatever undisclosed amount generated from such transactions was used to get into their bank accounts through shell companies based in Kolkata.
From these accounts, this amount was further deposited in the bank accounts of companies in India and other low-tax countries. The documents and data relating to large-scale unaccounted investments in cash loans, fixed deposits, immovable properties, and their renewals, etc. have been seized, the CBDT said.
NMC asks for details of doctors from the Income Tax Department
The National Medical Commission (NMC) has sought details of doctors from the Income Tax Department who had allegedly received freebies from six pharma companies, including Micro Labs, which manufactures Dola-650 tablets, against whom raids were conducted last month.
The Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax Department, in July accused the makers of the widely used Dolo-650 tablet of indulging in "immoral activities" and free distribution of around Rs 1,000 crore to doctors. Imposed.
On July 6, the Income Tax Department conducted raids in nine states. The raids were conducted at 36 premises of Micro Labs Limited based in Bengaluru. In a letter dated August 3, the NMC had requested CBDT chairman Nitin Gupta to send the names of the names along with the registration numbers and the addresses of the doctors involved so that those details could be sent to the respective state medical councils for information and necessary action.
Also Read: Mamta Banerjee meets PM Modi, and talks on many issues including GST arrears
Bihar Hooch Tragedy: 16 people died in Motihari, 12 in critical condition; The family said – there was a liquor party on the farm
Two deaths occurred on Friday at the Turkaulia, Harsiddhi, and Paharpur police stations of Motihari. People called it poisonous wine. Postmortem did not happen. The administration kept telling
Amazon India chief summoned for donation to All India Mission, NCPCR orders to appear before November 1
The National Commission for Protection of Child Rights (NCPCR) has summoned the Global Senior Vice President and 'Country Head' of Amazon India in connection with the alleged financial assistance to
EC: Selection committee meeting under the chairmanship of PM Modi today, appointment of election commissioners may be approved
The selection committee headed by Prime Minister Narendra Modi will meet on Thursday afternoon to finalize the appointment of election commissioners. Later, based on the recommendation of the
Coronavirus: Investigation of 32 who came in contact with Corona infected youth who returned from America, sent samples for genome sequencing
Samples have been taken to test the corona of 32 who came in contact with a corona-infected youth who returned from America. The Health Department team has identified 93 people, and after screening
Ghibli Trend: OpenAI changed the rules for Ghibli-style photos, now real-world images cannot be used
These days, Ghibli-style pictures are being seen in abundance on social media. It can be said that social media users have started liking themselves more through these pictures. Meanwhile, OpenAI's
Champions Trophy: 'I am not retiring from ODIs, please do not spread rumours', captain Rohit's reply to critics
After winning the ICC Champions Trophy for the third time by defeating New Zealand by four wickets here on Sunday, Indian captain Rohit Sharma said that it is a great feeling to have the result in
PM Modi: PM Modi inaugurated the National Training Conclave, and civil services officers participated
Prime Minister Narendra Modi on Sunday inaugurated the country's first National Training Conclave. Representatives of civil services training institutes from across the country participated in the
Khalistan slogans in Amritsar before President's visit: Banners with slogans written outside GNDU were hurriedly removed, Amritsar 'no-fly zone' for 4 hours
Just before the visit of President Draupadi Murmu to Punjab on Thursday, there was a stir due to the incident of writing slogans in support of Khalistan. The President is on a 4-hour visit to Amritsar
Recommendation of parliamentary committee, government should increase the representation of women in central armed forces
Expressing dismay over the very low number of women recruited in the Central Armed Police Forces (CAPFs) like the CRPF and BSF, a parliamentary committee has recommended steps to create an enabling
Ukrainians are ready for Russia's nuclear attack: Food and water are already being kept in bunkers two weeks ago
Alexander Cadet, who lives in Ukraine's capital Kyiv, has built an underground room inside a shed at the back of the house. To reach where there is a ladder six and a half feet below the ground.
