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The Latest Breaking News from IT

I-T dept revokes tax exemption status of 4 NGOs, letters to two mention protests against Adani

The Income Tax department has revoked the tax exemption status of four non-government organisations – Oxfam India, CARE India, Legal Initiative for Forest and Environment, and Environics Trust, Newslaundry learned from sources and top officials linked to these organisations. The tax exemption was reportedly revoked about two weeks ago.

Newslaundry

I-T raids: D.K. Shivakumar calls it political vendetta; BJP says money was ‘commission’ meant to fund Telangana polls

Deputy Chief Minister D.K. Shivakumar on Friday claimed that the Income Tax searches in Bengaluru on the residences of contractors, who had alleged 40% commission in contracts during the previous BJP rule, were “politically motivated”. This drew a sharp reaction from the Opposition that claimed the money seized was “commission”…

The Hindu

Income tax search at contractor’s house reportedly leads to Rs 42cr, sparks political allegations, counter allegations

BENGALURU: Income Tax (I-T) officials have been carrying out search and seizure operations at properties of several contractors in Karnataka since Thursday, sparking political allegations and counter allegations in the state.

The Times of India

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BJP says money unearthed in I-T raid is commission collected by Congress government in Karnataka

Addressing a media conference in Bengaluru on October 13, BJP State General Secretary and MLC Ravikumar alleged that the money was meant to be transported to Telangana, where Assembly polls have been announced.

The Hindu

Amid political slugfest, I-T department seizes crores in raid in Bengaluru

IT raids on contractors in Bengaluru, huge cache of money recovered from flat associated with R. Ambikapathy Money allegedly stashed in 20 cardboard boxes & kept under bed. Alleged attempt to shift money underway. Campaign by Karnataka Contractors’ Association alleging 40% commission under BJP regime. Ambikapathy's wife former city councillor,…

The Hindu

I-T department searches 40 premises of Kashmir’s prominent business group

I-T dept searches 40+ premises of business group in Kashmir & Delhi; finds evidence of undisclosed investments of ₹50cr in immovable properties & unaccounted cash .

The Hindu

Madras High Court adjourns actor Vijay’s plea against penalty of ₹1.5 crore imposed on him by Income Tax Dept

Actor C. Joseph Vijay's writ petition against I-T Dept's ₹1.5cr penalty for not disclosing ₹15cr income adjourned 3 wks. Interim injunction granted to restrain I-T officials from recovering penalty. I-T Dept. filed counter affidavit explaining reasons for penalty. Penalty levied beyond limitation period, judge granted injunction. Search & seizure operation…

The Hindu

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SP MP Dimple Yadav vehemently attacks BJP over AAP MP Sanjay Singh's arrest

Samajwadi Party MP from Mainpuri Dimple Yadav has expressed concern over the arrest of Aam Aadmi Party leader Sanjay Singh. Read full report on Dynamite News: Read further on Dynamite News:

Dynamite News

Here are the big stories from Tamil Nadu today

I-T Dept searches MP's premises; TN CM alleges BJP's "vindictive politics"; part-time teachers arrested; HC dismisses bail petition of biker; HC directs TN govt to file affidavit on illegal flex boards.

The Hindu

ISRO is all geared up for Gaganyaan, says Group Director at Satish Dhawan Space Centre

With the success of the Chandrayaan-3 mission, the scientists at the Indian Space Research Organisation (ISRO) are geared up for its next programmes such as Gaganyaan and Shukrayaan, said Group Director of ISRO at Satish Dhawan Space Centre, G. Appanna.

The Hindu

Supercharge Your October Portfolio With These 3 Promising Tech Stocks

The tech industry has experienced tremendous growth in recent years, and this momentum should continue amid increased IT outsourcing and adoption of emerging technologies. Hence, fundamentally strong tech stocks Gartner (IT), Cognizant Technology Solutions (CTSH), and Hackett Group (HCKT) might be worth adding to your October portfolio. Read on.

StockNews.com

Revanth Reddy claims BRS MPs hinted at poll tie with BJP in LS polls

.BJP-BRS alliance in LS polls: TPCC chief Revanth Reddy claims both parties were planning to join hands. BJP to contest all seats in Assembly, split votes to help BRS. BRS to contest 9 LS seats, BJP 7, MIM 1. PM touring Telangana to split anti-incumbency votes. ED, CBI, IT not…

The Hindu

Citizens for Democracy to educate people on need for free and fair elections in Andhra Pradesh

Citizens for Democracy, a newly formed apolitical and neutral platform, is led by former Andhra Pradesh High Court Judge G. Bhavani Prasad. The organisation aims to become the voice of the voiceless in society and will hold its first executive meeting in Vijayawada on October 1. Former Chief Election Commissioner…

The Hindu

Review: Silo Shows the Perils of Authoritarian Hierarchies

Leaders depicted in the Apple TV+ series outlaw "relics" of the past, even including PEZ dispensers.

Reason

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The Hindu

HC verdict on Group-I preliminary exam cancellation historic, says Madhu Yaskhi

TPCC campaign chairman Madhu Yaskhi hails HC verdict cancelling TSPSC Group I exam as historic. He blames CM & IT Minister for lapses in TSPSC functioning & demands age relaxation when exams are re-conducted. NSUI State president Balmoori Venkat says Congress will fight for unemployed youth. Riaz, TPCC official spokesperson,…

The Hindu

Lulu shopping mall opened in Hyderabad

”Lulu Group, a U.A.E.-based retailer, opened its first shopping mall in Hyderabad on Sept. 27. The ₹3,500 crore investment commitment made to Telangana for projects such as a 2 million sq. ft. destination mall and food processing facility was reiterated.

The Hindu

Odisha Finance Minister presents supplementary budget of ₹28,200 crore

Odisha Finance Minister announces ₹28,200cr supplementary budget for 2023-24, allocating resources for 'vote-catching' projects. Funds for Ama Odisha, Nabin Odisha, LACCMI, IT connectivity, Odisha Metro Rail, additional classrooms, farmers' welfare, food security, crop production, horticulture, capital investment, food storage, warehousing, Pradhan Mantri Fasal Bima Yojana, education, sports, and skill development.

The Hindu

Micron plant groundbreaking on September 23: MoS Chandrasekhar

Micron Technology, Inc. to build $2.75 billion semiconductor plant in Gujarat, with Union & State govt subsidies, says Ashwini Vaishnaw, He expects output by December 2024

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The Hindu

I-T searches on premises of TNEB contractors

I-T dept. searches premises of contractors, suppliers of TNEB & Tangedco in Chennai & Thoothukudi. Suspects tax evasion of crores of rupees in works carried out in thermal power stations when V. Senthilbalaji was Minister for Electricity.

StockNews.com

3 Software Stocks to Watch for Potential Breakout Growth This Week

With organizations embracing innovative software solutions across diverse business functions globally, the software industry is poised for sustained and steady growth. Hence, fundamentally sound software stocks Palantir Technologies (PLTR), Elastic (ESTC), and Smartsheet (SMAR), with massive growth potential, might be ideal additions to one’s watchlist. Read more.

The Hindu

Here are the big stories from Tamil Nadu today

I-T Dept searches premises of Tangedco contractors/suppliers in Chennai; Minister V. Senthilbalaji denied bail in cash-for-jobs scam; TN Assembly to convene on Oct 9; 16-yr-old girl assaulted with knife by friend in Chennai. I-T searches, Minister denied bail, TN Assembly to convene, 16-yr-old girl assaulted: key developments in TN.

The Hindu

Naidu’s arrest: Political experience does not matter when a leader misuses public funds, says Andhra Pradesh IT Minister

IT Minister Gudivada Amarnath said punishment is inevitable for N. Chandrababu Naidu, TDP national president, due to alleged involvement in multi-crore skill development scam.

The Hindu

Forum for Good Governance seeks revised SOP for forthcoming Assembly elections in Telangana

FGG requests ECI to issue revised SOP for Telangana elections, including limits on carrying cash, making political functionary/candidate an accused in cases of distribution of money/liquor, ban on sale of liquor from notification of election and ministers not combining official visits with electioneering.

The Hindu

More regional parties will join INDIA if BJP suffers setback in five Assembly elections, says CPI (M) leader Raghavulu

The CPI-M politburo member B.V. Raghavulu has said that more regional parties would join hands with the Indian National Developmental, Inclusive Alliance (INDIA) bloc if the BJP faced defeat in elections to five State Assemblies just like in Karnataka. The regional parties were feeling the heat of the “authoritarian approach” of…

The Hindu

I-T notices: More skeletons will tumble out of Naidu’s closet, says Sajjala Ramakrishna Reddy

YSRCP govt determined to investigate kickbacks allegedly received by N. Chandrababu Naidu during TDP term. Sajjala Ramakrishna Reddy, YSRCP State general secretary, asserts govt determined to uncover any potential association between individuals involved & extent of alleged corruption. CID to probe if any commonalities between I-T scam & A.P. Skill…

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