GTL Infra admits undisclosed income of Rs 500 crore to Income Tax Dept in 2010

Telecom company GTL Infrastructure has admitted undisclosed income of more than Rs 500 crore to the Income Tax department, Parliament was informed today. “In consequence to a search action conducted in 2010, a group (GTL Infrastructure) had admitted undisclosed income of Rs 500.65 crore,” Minister of State for Finance S S Palanimanickam told Lok Sabha in a written reply today.

Related posts:

  1. Income tax Dept recovers Rs 25,000 crore undisclosed income in last 2 years
  2. Income tax department unearthed undisclosed income of 35 crore in Rajasthan
  3. I-T Dept slaps Rs 450 crore demand on Infosys
  4. Income Tax, Directorate of Enforcement investigate Rs 460 crore Citi fraud case
  5. Over Rs 1.60 lakh crore locked up in income tax disputes

Write a Comment

Copyright © TaxGuru 2011. All Rights Reserved.
About Us - Advertise - Privacy Policy - Back to top