The Income Tax dialect has slapped 3 notices underneath a unfamiliar black income law opposite solid merchant Nirav Modi, concerned in Rs 14,000 crore PNB rascal case, for allegedly holding bootleg resources abroad.
“Three notices u/s 10(1) of a Black Money (Undisclosed Fporeign Income and Assets) and Imposition of Tax Act, 2015, released opposite Nirav Modi,” a Revenue Department pronounced in an movement taken news to a Standing Committee on Finance.
An detain aver have been released opposite Nirav Modi. “Supplementary charge censure filed opposite 31 persons/individuals/entities u/d 276C(1), 227A and 278 of a Income Tax Act,” it added.
Besides, a Income Tax dialect has trustworthy 32 determined properties located in several cities, including Mumbai, Surat, Jaipur and Delhi. Also 141 bank accounts/ FDs of a Nirav Modi Group carrying a credit change of Rs 145.74 crore have been attached.
The dialect has also trustworthy 173 paintings and artworks and filed 4 charge cases opposite Nirav Modi.
“Look Out notice/Blue Corner Notice has been non-stop opposite Nirav Modi by Bureau of Immigration on Feb 22, 2018, after ask from I-T department. It is current compartment Feb 21, 2019,” a income dialect said.
Nirav Modi, his uncle Mehul Choksi and others are indicted in a Rs 14,000 crore rascal during state-owned Punjab National Bank (PNB).
With courtesy to Mehul Choksi, a upholder of a Gitanjali Group of companies, a Revenue Department pronounced “Look Out Notice/ Blue Corner Notice (has been) non-stop opposite Mehul Choksi and a same is current compartment Feb 21, 2019”.
As many as 7 determined properties in Mumbai belonging to Gitanjali Group have been trustworthy u/s 281B of a I-T Act. Also land and building and bound resources valued during Rs 1,278 crore of a organisation auxiliary have been provisionally attached. Also 244 banks accounts/FDs carrying a sum credit change of Rs 101.78 crore have been attached.
In box of a income laundering examine opposite Kanpur-based Rotomac organisation in an purported bank loan rascal of Rs 3,695 crore, a Revenue Department pronounced 4 determined properties and 29 bank accounts have been trustworthy by a I-T authorities.
“Six prosecutions have been instituted opposite Vikram Kothari, categorical chairman of a Rotomac Group. Further 18 prosecutions have been launched opposite M/s Rotomac Global (P) Ltd,” a Revenue Department said.
Article source: https://www.ndtv.com/india-news/3-tax-notices-issued-against-nirav-modi-revenue-department-1898264