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...
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Radia tapes didn't leak from IT Department: Centre
Affidavit silent on Tata's plea to stop further publication of tapesInvestigations not yet over, no question of destroying recordsThe Income Tax Department, which had recorded telephonic conversations of corporate lobbyist Niira Radia, was not responsible for the leak of the tapes, a common affidavit filed by the Centre in the Supreme Court said on Friday.In its reply to the writ petition filed by industrialist Rata Tata alleging that publication of...
More »Radia taps on 'complaint' of her being 'foreign agent': Govt to SC by Dhananjay Mahapatra
The Union government on Friday strongly defended the interception of Niira Radia's telephones, saying that this was done because of a probe into complaints alleging that she "as an agent of foreign intelligence agencies" and was "indulging in anti-national activities." A joint affidavit filed by ministries of home and finance as well as the Income Tax department said, "A complaint was received by the finance minister dated November 16, 2007, inter...
More »UP pledges full cooperation to CBI in food grain scam
Uttar Pradesh government today promised full cooperation to the Central Bureau of Investigation (CBI) in the multi-thousand crore food grain scam in the state.On December 3, Allahabad High Court had directed the central agency for a comprehensive probe in the food grain scam spanning several districts of the state. The orders were passed on a public interest litigation (PIL) filed by Vishwanath Chaturvedi.The CBI is now probing the scam, which...
More »UP foodgrain scam may require 5,000 FIRs by Pervez Iqbal Siddiqui
It spreads across five countries including Nepal, Bangladesh, Pakistan, South Africa and Bhutan, apart from a total of 34 of the 71 districts in Uttar Pradesh. It involves over 450 Class-I government officials and another 800 middle and lower rung subordinates apart from some 10,000 private entities and may require 5,000 FIRs to cover the scam in totality. The foodgrain scam of Uttar Pradesh has emerged as a strong contender for...
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