-PTI   Team Anna member Arvid Kejriwal has been slapped with a fresh notice by the Income Tax Department, asking the former IRS officer to pay over Rs nine lakh in dues by this month-end.  Earlier, the Office of the Chief Commissioner of Income Tax (CCIT) had on August five issued a notice to him in the case.  Sources said a fresh notice has been issued to Kejriwal, who, the department claimed, had violated...

-The Hindu   Revised pact with Switzerland will allow India to obtain banking information in specific cases: Finance Minister   Having impressed upon the G-20 nations the need to adopt automatic sharing of banking and tax-related information at the Paris Ministerial meeting last weekend, Union Finance Minister Pranab Mukherjee on Wednesday sought to highlight the “noteworthy” achievements and the progress made back home in unearthing unaccounted income. In his inaugural address at the ‘Economic Editors'...

-The Times of India   Finance minister Pranab Mukherjee on Wednesday said the government had received information from France about Rs 400 crore unaccounted money in as many as 69 overseas accounts of Indians and had recovered Rs 30 crore in taxes from them. Briefing economic editors, the FM said with the help of Double Taxation Avoidance Agreement (DTAA) with France, India was able to extract some information regarding Indians having bank accounts. He...

-PTI   Information given to Income Tax authorities by assessees does not come under any fiduciary relationship and cannot be denied to an RTI applicant on this ground, the Central Information Commission has ruled. Hearing the plea of Rakesh Kumar Gupta, who sought information on estimated tax evasion figures, the panel rejected the Income Tax department’s argument about such a relationship. Information commissioner Annapurna Dixit said the fiduciary relation exists when there is scope...

-One World South Asia The recent report on paid news by Press Council of India recommends that representation of the People Act, 1951, should be amended to make the practice of paid news a punishable electoral malpractice. The Report defines paid news as Any news or analysis appearing in any media (Print & Electronic) for a price in cash or kind as consideration. The Report records that “Sections of the media in India...