The Central African Republic (CAR) said on Tuesday that a diplomatic passport that tennis star Boris Becker claims entitles him to immunity in bankruptcy proceedings in Britain "is a fake."
The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's Cairn Energy Plc before deciding on appealing against losing a tax case against Vodafone Group, sources said. An international arbitral tribunal is expected to give a decree within next few days on Cairn Energy Plc's challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes. If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand.
Officials said the agency has issued fresh summons to Singh as it wants to record his statement under the PMLA.
The Bill could be referred to the Parliamentary Committee for scrutiny
The criminal case was registered by the Mumbai zonal office of the agency after it got reports in this regard from the Sebi.
The ED summons have come close on the heels of filing of a chargesheet by the CBI against Singh, his wife and others for allegedly amassing assets worth around Rs 10 crore disproportionate to their known sources of income.
Government may bring a new law on black money during the ongoing Parliament session.
According to a government reply in Lok Sabha, as on June 30, 2017, there were about 109,598 cases pending across debts recovery tribunals, with recovery dues of Rs 635,500 crore.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
Sebi will e-auction next month, 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group
This is the first time that the 73-year-old former finance and home minister is being grilled by the ED in this case.
Even existing cases might come under the proposed law, including those of Vijay Mallya, Nirav Modi and Mehul Choski. But, the law would not cover earlier cases.
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
The SC bench directed the court-appointed forensic auditors to complete their detailed investigation on divergence of home buyers money by Amrapali group before March 22 and list the matter for hearing on March 24.
This is the new addition to the tax data, which had identified over 600,000 people for scrutiny over huge inconsistencies in the cash deposits
The closure of BPSL would add about three million tonnes capacity to JSW Steel's existing 18 million tonnes.
Mallya's lawyer said he wants to return, but a British court has prohibited him from leaving the UK without its permission.
Finance Minister Arun Jaitley on Monday said the NDA government has done more work to fish out black money than any other previous government in a short span of two years and all efforts are afoot to book those who have not taken advantage of the disclosure scheme.
'To save the LTCG, it's always better that the owner of the property that was sold also becomes the title holder in the new one.'
The agency had summoned Singh earlier also, but then he had excused himself stating his official commitments.
Providing some relief to borrowers under the Securitisation Act, the Supreme Court has ruled that secured creditors cannot straightaway attach the defaulter's assets after giving the mandatory 60-day notice.
Karnataka tax dept may attach assets of dealers; new retailers not being registered
Out of these, no balance has been found in case of 289 accounts
The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years.
Siddhartha alleged in his letter that there was a lot of harassment from the previous DG Income Tax in the form of attaching "our shares on two separate occasions to block our Mindtree deal and then taking possession of our Coffee Day shares, although revised returns have been filed by us".
The SIT on black money has widened its probe.
Offenders will be tried under Prevention of Money Laundering Act
Equity fund managers' other favourites are software stocks followed by pharma, finance and consumer non-durables
The agency, sources said, has issued the notices under the Prevention of Money Laundering Act (PMLA) and they have summoned the accused to examine them and record their statements.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Enforcement Directorate on Friday arrested the CEO of a defaulting firm on money laundering charge in connection with its probe in the National Spot Exchange Limited scam case.
The court also dismissed petitions of his wife Pratibha Singh, son Vikramaditya Singh and another person.
The court's direction came after Singh alleged conspiracy over filing of "frivolous anonymous complaints" against him with the revenue secretary saying these were being entertained by the ED.
By virtue of it being an unsecured loan, personal loans have a very high rate of interest attached to them.
Breaking his silence after a long time, to state the "factual position in response to the controversy unfortunately surrounding" him, Mallya said he had written letters to both the prime minister and the finance minister on April 15, 2016, to explain his side of the story. "No response was received from either of them," he said in a statement.
'Whether it is the unions or the politicians, they don't have to do politics over Air India, but be guided by a solitary factor -- that we don't want Air India to fly into oblivion.'
Prime Minister Narendra Modi distinctly remembers Suresh Raina's elegant cover drives during the epic 2011 World Cup quarter-final against Australia in Ahmedabad, something that, he feels, the all-rounder's fans will miss after he followed Mahendra Singh Dhoni into international retirement.
Among the seizures were Indian masters such as FN Souza, VS Gaitonde, SH Raza, Amrita Sher-Gil and Akbar Padamsee, sculptures from Italy and the US, Chinese artwork and masterpieces by Xu Lei and Zeng Xiaojun.
Somaiya had on Sunday claimed he was barred from entering Kolhapur with the district authorities citing law and order as well as security concerns following his allegations of corruption against Maharashtra Rural Development Minister Hasan Mushrif.
The IO is also understood to have confronted him with some documents the agency had seized and recovered in this case of alleged disproportionate assets.
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