« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  CAG organises training programme for auditors... Institute of Chartered Accountants pushes global norm... » How Malhotra avoided I-T radar August, 08th 2007 Ashok Malhotra, the kingpin of Chholegate who was remanded to 14-day CBI custody on Tuesday, has not just left the Congress government in Delhi in tatters but has also exposed gaping holes in the multi-layered tax surveillance mechanism. On a day when the the urban development ministry also got into action, ordering a probe into allotment of plots meant for rehabilitation of slum dwellers between 2000 and 2002, the I-T department appeared to be waking up to the fact that Chholegate has made a mockery of the information tracking system thats designed to detect tax evasion and money laundering. Thanks to the tracking system, the I-T department has over the last few years been able to collect data on a host of high-value transactions from property purchases to credit card payments, purchase of shares and bonds, phone bills and car purchases, to name a few. In addition, the tax department also has access to details of club membership and association and ownership of companies and their business activities. The inadequacy of the surveillance mechanism today stands exposed with Malhotra successfully going around it and to buy just not a fleet of 17 swanky cars but a number of large properties too. I-T department, now much wiser from Chholegate, has now gathered information about Malhotra actually floating at least a dozen companies either in his own name or with others as front.