The investigation wing of the Income Tax Department has sought call detail records (CDRs) of the last six months of a landline number at the IPL office as it feels that the entries could throw more light on Lalit Modi’s association with the promoters of franchises – new and old.
The Indian Premier League organisers could now face a public interest litigation (PIL) over payment of entertainment tax in Maharashtra. Senior Shiv Sena leader and MLA, Mr Subhash Desai, has filed a PIL in the Bombay High Court, seeking such a levy on the cricketing event. The Board of Control for Cricket in India; the Commissioner of the IPL, Mr Lalit Modi, and the Maharashtra Government are the respondents in his petition.
The Income Tax department has activated control rooms in Delhi and Mumbai to streamline the flow of information between its various investigation directorates probing the IPL. The control rooms are equipped with dedicated telephone lines, fax machines and internet enabled computer systems and are being manned by officials of the rank of Income Tax Officer (ITO).
Mumbai: A special court on Tuesday remanded Income Tax assistant commissioner Anjali Bambole in the custody of the Central Bureau of Investigation (CBI) until April 27. Bambole was arrested on Monday night, two days after the arrest of I-T additional commissioner Sumitra Banerjee and her husband Subratho. The trio is accused of accepting a bribe of Rs 1.50 crore from a builder to reduce his tax liability.
The resignation of Shashi Tharoor as minister of state for external affairs has striking similarity with another incident 18 years ago when Home Minister P Chidambaram had stepped down from the commerce ministry. The issue then involved alleged investments by Chidambaram’s wife Nalini in the scam-tainted Fairgrowth Financial Services that had been promoted by banker Bilgi Ratnakar,
The Delhi High Court has quashed the Institute of Chartered Accountants of India (ICAI) decision against auditor P Ramakrishna in the Global Trust Bank (GTB) case. The decision comes as a relief for P Ramakrishna, who is a Partner in Lovelock & Lewes, a network affiliate of Price Waterhouse. ICAI held Ramakrishna guilty of professional misconduct in the Global Trust Bank probe.
Taking a leaf from the management schools, the Institute of Chartered Accountants of India (ICAI) is all set to include case studies as part of its agenda to test the application skills of the students. The institute also plans to offer accounting technician courses to the middle east countries.
Income Tax sleuths on Wednesday raided the office of IPL team Chennai Super Kings, owned by India Cements, in the wake of the controversy surrounding the source of IPL funds and bidding. I-T officials were tight-lipped but police sources said the raids were on and expected to continue till late night.
Income Tax officials, probing alleged financial irregularities in cash-rich IPL, on Wednesday raided the offices of the Kolkata Knight Riders and Cricket Association of Bengal (CAB). “The income tax officials are here looking for papers relating to IPL. We are cooperating with them,” CAB president Jagmohan Dalmiya’s personal assistant said.
The net is ever widening on all aspects of the cash awash Indian Premier League. Even as a case was registered to investigate the foreign exchange violations by the IPL franchises, Income Tax sleuths Wednesday searched the premises of telecast rights holders Multi Screen Media (owners of Sony Entertainment Television Asia) and World Sports Group,
