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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Prashant Bhushan, senior lawyer interviewed by Sheela Bhatt
Since the last few years, Prashan Bhushan, senior lawyer, has fired up the Indian political scene through his missionary legal practice.In the legal fraternity he is a loner because he is, always, on the wrong side of the power set up in New Delhi. In fact, when one meets the slow and soft-speaker, he hardly looks like a lawyer who is capable of shaking-up the government and its cronies.But, his...
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 food scam: A timeline
The food scam in Uttar Pradesh could well turn out to be the mother of all scandals and indications are that it could well be worth Rs 2 lakh crore. Here is a timeline of the scam. Nov 2004 | Prashant Chaturvedi, principal secretary, food and civil supplies, seeks information from the railways about loading of rakes for transporting foodgrain to Bangladesh & some other foreign countries Dec 2004 | Railways provide...
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