One of the businessmen being investigated is allegedly closely connected with some top leaders of the state...

Union budget had proposed that maturity amount for policies with cumulative annual premium in excess of Rs 5 lakh will not be eligible for tax rebate...

On a gross basis, collection grows 22.58 per cent to Rs 16.68 lakh crore...

With the suspension of its licence, given under the Foreign Contribution Regulation Act, CPR will not be able to receive any funds from abroad...

The packaging solutions provider has also 'vehemently' denied media reports alleging bogus transactions undertaken by it, seizure of evidence, irregularities running in thousands of crores...

A junior minister responded to an urgent question raised in House of Commons to say that the government cannot comment on allegations made by I-T dept over an 'ongoing investigation'...

The paper does not buy the Indian government’s explanation that the tax authorities were conducting a legitimate 'survey' of the broadcaster's business dealings...

Broadcaster says computers were searched and scribes were made to deposit their phones...

Tax department did not spell out which assessment year the survey pertained to and failed to quantify the extent of the tax violation...

According to the statement, several discrepancies and inconsistencies with regard to transfer pricing documentation were found during the survey...