A case where request for info on some Budget 2007 notings was rejected by the CBDT, but made available by the Central Information Commission, the Second Appellate Authority under the RTI Act. The Right to Information Act of 2005 is a very important piece of legislation to bring about complete transparency in the functioning of the bureaucracy and thus increase accountability as well as reduce corruption. Since it is a relatively new...
More »SEARCH RESULT
FinMin probing more than 100 overseas deals for tax evasion
The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...
More »“I have neither seen nor heard the Radia tapes”
Union Home Secretary G.K. Pillai on Saturday said he had neither heard nor seen the tapes of conversations between corporate lobbyist Niira Radia and others, and denied leaking the tapes at the behest of Home Minister P. Chidambaram.“I wish to clarify that neither I, nor the Ministry of Home Affairs had, or have any access to any of the tapes concerning the interception of Ms. Radia's telephones,” Mr. Pillai said...
More »Govt probes tape leak
The Centre today ordered a probe into the leak of lobbyist Niira Radia’s purported phone conversations allegedly tapped by the income tax department. The home ministry announced the probe on the same day Tata group chairman Ratan Tata moved the Supreme Court demanding action against people responsible for leaking the contents of tapes. The Radia tapes feature purported conversations she had with journalists, politicians and industrialists, including Tata. A home ministry spokesperson...
More »Govt to match netas' I-T returns with poll affidavits by Mahendra Kumar Singh
The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had...
More »