The probe pertains to a larger I-T probe, which started in 2011, under which around 700 India individuals and entities are being investigated for holding accounts in HSBC Bank in Geneva; Reliance Industries has denied receiving \"any such notices from the income tax department\"

CBDT says this \"one-time measure\" is being undertaken to mitigate unintended hardship to taxpayers in deserving cases and to reduce the pendency of existing prosecution cases before the courts

An ITR return needs to be verified within 120 days of filing of tax return.

Going by the 6 per cent tax rate for the equalisation levy, the tax collection of Rs 939 crore in FY19 suggests that Indian entities shelled out at least Rs 15,650 crore to place advertisements with digital giants such as Google, Facebook and mobile phone apps, up from the Rs 9,800 crore they spent in FY18.

Regulatory and government officials say the special focus of the analysis of the Swiss banks data could be on identifying people with political links

Congratulations to the Modi govt on '100 Days (of) No Vikas', says Rahul Gandhi; the Congress leader also accuses the Centre of undermining democracy