Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: VAT Audit :: cpt :: list of goods taxed at 4% :: TDS :: Central Excise rule to resale the machines to a new company
« News Headlines »
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016
 Announcement - Clarifications in Respect of MEF 2016-17

I-T raids on offices of MDH group
November, 23rd 2006

Income Tax officials on Wednesday conducted raids on at least 50 offices and residential premises of the Rs 150 crore MDH group of companies across the country and reportedly seized substantial cash and documents.

The residences of group chairman Dharampal and his son and managing director Rajeev Gulati in Delhi's posh Vasant Vihar locality were among the properties raided.

The group's stockists and dealers besides its factories and offices in Bikaner in Rajasthan, Gurgaon and Kirti Nagar in Delhi were included in the search and seizure operation. Roopak Masala, a group company owned by one of Dharampal's relatives, was also raided.

This is the second major operation conducted by the I-T department in the last one week. On November 15, I-T sleuths had raided a leading real estate developer and reportedly unearthed over Rs 40 crore of concealed income.

The real estate developer has a chain of five-star hotels in the capital and the raids were conducted following specific information on their alleged undervaluation and misdeclaration of income.

In the current financial year, the I-T department's Delhi investigation units have unearthed over Rs 70 crore in just two raids. A month ago, a jeans manufacturer had disclosed concealed income of Rs 25 crore following raids. Some raids were conducted on the basis of hawala transactions that these groups had indulged in.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions