Income Tax

Dainik Bhaskar Income Tax Raids-CBDT alleges bogus income of Rs. 700 crores

Dainik Bhaskar Income Tax Raids-CBDT alleges detection of bogus income of Rs. 700 crores
 
The Income Tax Department had carried out a search operation on Dainik Bhaskar in 9 cities including Mumbai, Delhi, Bhopal, Indore, Noida and Ahmedabad.
 
The Income Tax raids had been severely criticised by the Dainik Baskar and other media houses and it was alleged that the raid was an attempt to stifle free press in view of recent criticism of the BJP Government.
 
In a press release, CBDT has alleged that the group had been operating several companies for booking bogus expenses and routing of funds.
 
According to the CBDT, the quantum of bogus income is Rs. 700 crore spread over a period of 6 years. CBDT has also alleged violation of Companies Act and Listing Agreement 
 
The CBDT has stated that the instance of diversion of Term Loan taken from bank has also come to its knowledge.
 

Read CBDT Press Release Click Here >>

 
Share
Leave a Comment

Recent Posts

  • ICAI

Empanelment of ICAI Exam observer for January 2027 Examinations. Last date: 20.11.2026

Empanelment to act as ICAI exam observers for January 2027 CA Examination. Last date to apply is 20.11.2026 Empanelment of…

2 days ago
  • GST

No arrest under GST- Major decision of 57th Meeting of GST Council held on 8th October 2026

No arrest under GST- Major decision taken in 57th Meeting of the GST Council on 8th October 2026 PRESS RELEASE…

3 days ago
  • Income Tax

Later SC ruling cannot render an act done in compliance of a court order a statutory default

A subsequent Apex Court ruling on the substantive issue cannot retrospectively make an act done in compliance of a binding…

4 days ago
  • Income Tax

Interest payment on mobilisation advance to NHAI not liable to TDS u/s 194A

Interest payment on mobilisation advance to NHAI not liable for deduction of tax at source u/s 194A - ITAT Interest…

5 days ago
  • Income Tax

Typographical error in turnover accepted during assessment not a mistake apparent from record

Typographical error in turnover declared in ITR was not as a mistake apparent from the record u/s 154 when AO…

6 days ago
  • Income Tax

Plea that assessee was not aware of order cannot be brushed aside in absence of proof of service

Ground taken by assessee that he was not aware of the order cannot be brushed aside so lightly in absence…

7 days ago