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Karnataka Businessman Jailed For Rs. 7.35 Crore Tax Default

Saturday, February 16, 2019, 3:14 PM

The Income-Tax department arrested and jailed a Karnataka businessman for defaulting on paying Rs.7.35 crore as income tax arrears and interest despite reminders, an official said today. "The defaulter was arrested and produced before the Tax Recovery Officer, and sent to the city central jail for six months for failing to pay his tax arrears," said the department in a statement in Bengaluru.
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Pramod Chandra Mody takes over as new CBDT chairman

Friday, February 15, 2019, 8:12 PM

IRS officer Pramod Chandra Mody took over as the new chairman of the Central Board of Direct Taxes (CBDT), the policy making body of the Income Tax Department. Mody, a 1982-batch Indian Revenue Service (Income Tax cadre) officer, has been appointed in place of Sushil Chandra, who was on Thursday named as Election Commissioner ahead of the Lok Sabha polls due this summer.
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Bengaluru tax defaulter held in Mumbai, jailed for 6 months

Wednesday, February 13, 2019, 6:16 PM

A Bengaluru businessman was arrested in Mumbai for allegedly defaulting on payment of around Rs.12 crore as income tax and penalty arrears, an official said. The businessman was stopped at the Mumbai airport from leaving the country on Monday. He has been sent to a prison for six months after failing to make satisfactory arrangement for tax dues.

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