-The Financial Express   Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, Tax Evasion and instances of criminal financing in the country. A recent directive of the Central Board of Direct Taxes (CBDT) to the I-T Dept has asked its officials to launch a special drive against those who have "not furnished their PAN (Permanent Account Number)"...

-The Telegraph Income tax officials today searched the house and two dozen properties of a liquor baron said to be close to Mayawati, the simultaneous raids apparently throwing up a chest that needed gas-cutters to prise open. TV reports claimed the chest — found in the basement of a Noida mall said to be owned by Gurdeep Singh Chadha — could be stashed with notes worth over Rs 100 crore, but late...

-The Telegraph A government report on the Niira Radia tapes that was submitted to the Supreme Court today mentioned discrepancies between the original recordings and the conversations broadcast by the media, suggesting they may have been tampered with. The report was submitted in a sealed cover to the bench of Justices G.S. Singhvi and Asok Kumar Ganguly. It was not made public but Justice Singhvi read out parts of it that said...

-PTI In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the Central Board of Direct Taxes CBDT has ordered the I-T department to obtain a signed undertaking from any government entity or department who demands the data for their own probe. The CBDT fears that if these names are leaked and they are publicised, global financial bodies like OECD...

More than Rs 18,700 crore of unaccounted wealth has been unearthed across the country after searches were conducted by the income tax officials in the last two years, the Central Board of Direct Taxes said on Friday. The body has, however, denied any harassment has been caused to any industrialist or business establishment anywhere in the country due to I-T search and survey operations. "Search and seizure is conducted on the basis...