Income Tax Department India

Jane Street not cooperating with authorities; I-T probe faces hurdles: Report – Times of India

August 1, 2025 0

Image used for representative purposes(AI image) NEW DELHI: Global trading company Jane Street is reportedly not assisting the Income Tax Department with their ongoing investigation, according to sources.Sources told ANI that the investigation faces significant challenges as the company’s essential servers are situated outside India, with officials encountering access limitations. “Access to the servers is being blocked,” one of the …

IndiGo slapped with Rs 944 crore penalty by income tax department; airline vows to challenge in court – The Times of India

March 30, 2025 0

NEW DELHI: InterGlobe Aviation, the parent company of IndiGo, has been issued a penalty of Rs 944.20 crore by the Income Tax Department for the assessment year 2021-22. The airline, however, has rejected the order, calling it “erroneous and frivolous,” and has vowed to challenge it through legal means.IndiGo to challenge tax orderThe penalty order was received on Saturday, August …

Pending tax work? Income tax department offices to stay open on March 29-31 – The Times of India

March 27, 2025 0

The Income tax department‘s offices across India will remain open from March 29 to March 31 to assist taxpayers in completing any pending tax-related tasks before the end of the fiscal year. The current financial year 2024-25 concludes on March 31.Despite the weekend and the observance of Eid-al-Fitr, which may coincide with Monday, the Income Tax offices will continue their …