Income-Tax Department Tuesday carried out surveys at the premises of British Broadcasting Corporation (BBC) in Delhi and Mumbai. Government officials said the surveys were conducted in view of the BBC’s “deliberate non-compliance with the transfer pricing rules” and its “vast diversion of profits”. They are expected to continue Wednesday. A survey, conducted under Section 133A of the I-T Act, is… Continue reading "Income-Tax Department carries out surveys at premises of BBC offices in Delhi and Mumbai"
Tag: Income Tax department news
Refusing to stay the Income Tax notice served to former Chief Minister O Panneerselvam directing him to pay Rs 82.32 crore, the first bench of Acting Chief Justice Munishwar Nath Bhandari and Justice PD Audikesavalu directed to the department to file its counter. Pointing out the notifications issued on March 31 and April 27, Panneerselvam challenged the order contending that… Continue reading "Madras High Court refuses to stay I-T notice issued to OPS"