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.