Tag: Press Release

Income Tax Notices to non-resident assesses on receiving information on holding assets

Income Tax Notices to non-resident assesses. On receiving information on holding assets by NRIs, necessary enquiry is made for disclosure and source Income Tax Notices have been issued by the Income Tax Department and the Enforcement Directorate. In respect of Income Tax Department, assesses including, non-resident assesses are served notices/summons consequent …

CCI passes penalty order against broadcasting service providers for rigging bids in tenders by Sports Broadcasters

CCI passes order under Lesser Penalty Provisions against broadcasting service providers for rigging bids in tenders by Sports Broadcasters  This case was taken up by Competition Commission of India (‘CCI’) suo motu under Section 19 of the Competition Act, 2002 (‘the Act’) based on the disclosure by Globecast India Private …