CBI registers corruption case against former Income-Tax Additional Commissioner and others
PrintListen to this Article
It is based on the findings of another case taken over by the agency in October last year from the Gujarat Anti-Corruption Bureau. In June, the CBI had filed a chargesheet against Mr. Karnani in that case. In the latest First Information Report (FIR), among those named are Mr. Karnani’s wife Arti and Ilesh Shah, a director of Shree Kanhai Realty Private Limited.
According to the CBI, during the probe in the 2022 case, it had sent Mr. Karnani’s two mobile phones seized from co-accused Vivek Johri (the then Assistant Commissioner of Income Tax) to the Central Forensic Science Laboratory (Delhi) for examination.
The retrieved mobile phone data revealed that Mr. Karnani had allegedly shared official information with private firms and individuals who were either directly or indirectly connected with him or with the business of family members.
The FIR has quoted WhatsApp chat exchanges between Mr. Karnani and Mr. Shah, purportedly indicating that he had extended favours and received alleged illegal gratification in the form of a 2,428 sq-metre plot in Ahmedabad. The property was registered in the name of his wife for a consideration of Rs. 40 lakh. However, as alleged, the property’s market value was about Rs. 3.50 crore, it alleged.
Category : Income Tax | Comments : 0 | Hits : 2132
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax on time, or paying less than the required amount, may attract interest charges that continue to accumulate. As the Income Tax Act operates on a “pay as you earn” basis, being aware of advance tax provisions and the financial impact of delays can help you avoid unnecessary costs and last-...
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax on time, or paying less than the required amount, may attract interest charges that continue to accumulate. As the Income Tax Act operates on a “pay as you earn” basis, being aware of advance tax provisions and the financial impact of delays can help you avoid unnecessary costs and last-...
As many as 5,44,205 appeals were pending resolution with the Income Tax (IT) Department at commissioner (appeals) level as of January 31 this year, and 63,246 at various Income Tax Appellate Tribunals (ITATs), High Courts, and the Supreme Court, FE has learnt. To be precise, the cases pending in ITATs were 20,266 High Courts, 37,436; and Supreme Court 5,544. The large pendency is even as the Central Board of Direct Taxes (CBDT) has laid emphasis on disposing of income tax appeals in its 10...
The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards. The ITR functionalities i.e. ITR-1, ITR-2 and ITR-4, commonly used by taxpayers are available on the e-filing portal from 1st April, 2024 onwards for taxpayers to file their Returns. Companies will also be able to file their ITRs through ITR-6 from April 1 onwards. As ...
It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified that the new regime under section 115BAC(1A) was introduced in the Finance Act 2023 which was as under as compared to the existing old regime (without exemptions): New Regime 115BAC (1A) introduced for FY 2023-24 Existing old Regime 0-3 lacs 0% 0-2.5 lacs 0% ...
Comments