Govt. denies collaboration with tainted UK based Note Printing Company .
As per media reports, the AAP Party had accused that De La Rue supplied the same paper used for printing Indian currency to the terror nexus in Pakistan indulging in printing of fake currency.
Ministry of Finance
Dated : 17th January, 2017
Press Release
Ministry of Finance denies any collaboration with the tainted UK based Note Printing Company
There have been reports in sections of media stating that the Union Government has compromised the national interest by collaborating with a tainted UK based Note Printing Company.
The said company had been supplying bank note paper till 2010. Further as per the decision taken in 2013, the company was permitted to supply a security feature for bank notes till December 2015.
No fresh contract has been given to this company by the Government during the last three years. The Security Clearance for this company has been withheld by the Ministry of Finance, Government of India and hence no fresh orders have been placed with the said company since 2014. The company has applied for setting-up a factory in India. No action has been taken on their application.
******
Mere non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…
ICAI has extended the last date to online submit Multipurpose Empanelment Form (MEF)- 2026-27 from 29th August 2026 to 9th…
Can a demand notice be issued u/s 156 for non-payment of Dividend tax u/s 115-O, when as per assessment order…
The issue already examined and adjudicated by the quasi-judicial authority, i.e., CIT(Appeals), cannot be reopened on the same set of…
One TDS is deducted, credit has to follow, failure of deductor to deposit the amount to the credit of the…
Merely because assessee did not explain purpose of cash withdrawal from bank, it can not be taxed u/s 69C as…