Live
- Bad air: 106 shuttle buses, 60 extra Metro trips planned to make Delhiites give up cars
- WHO reports declining monkeypox cases in Congo
- CM Attends Kotideepotsavam on Kartika Purnima
- PKL Season 11: Raiding trio of Devank, Ayan, Sandeep help Patna Pirates rout Bengal Warriorz
- Food waste crisis fuels sustainable practices across APAC food & beverage industry: Report
- AI helps erase racist deed restrictions in California
- ATMIS completes third phase of troops' drawdown in Somalia
- PM Kisan Samman Nidhi scheme bringing smile to Nalanda farmers
- German economy forecast to lag eurozone growth until 2026
- CM Shinde orders stern action against hoarding of onions amid rising prices
1,200-cr SEZ unit of Gitanjali in Hyderabad attached
The Income Tax Department on Thursday said it has attached a Rs 1,200-crore worth property of the Gitanjali group, located in a SEZ in Hyderabad, in connection with its tax evasion probe.
New Delhi: The Income Tax Department on Thursday said it has attached a Rs 1,200-crore worth property of the Gitanjali group, located in a SEZ in Hyderabad, in connection with its tax evasion probe.
The officials said the property has been provisionally attached under the Income Tax law and the action was taken to "recover outstanding tax demands". They said the valuation of the property, in the SEZ at Rs 1,200 crore, has been done by the assessee and the department has put up a notice on the property.
The department, in the last few days, has similarly attached nine bank accounts and seven properties of the group and Choksi. The department had first raided billionaire diamond jeweller Nirav Modi in January last year on charges of alleged tax evasion.
