Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT Audit :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT RATES :: empanelment :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: TDS :: form 3cd
 
 
« News Headlines »
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut
 Interpretation Of Central Goods And Services Tax (Cgst) Act (Part-1)
 What to do if you haven’t filed your taxes
 Income Tax Declaration To Employer: 10 Changes You Should Be Aware Of

I-T raids Uflex, HFCL
May, 11th 2007
Industrialists considered close to Samajwadi Party leader Amar Singh have come under the income-tax scanner. The I-T department on Thursday conducted raids on various premises of packaging company Uflex (formerly Flex Industries) and telecom equipment manufacturer Himachal Futuristic Communications for suspected tax evasions.

The department carried out searches at ten premises and surveys at five premises of Uflex located in Uttar Pradesh and Delhi. When contacted, Central Board of Direct Taxes spokesperson confirmed the raids on two companies but declined to give details. The search operation was also carried out on the residential premises of businessman Ashok Chaturvedi, the promoter of Uflex.

Uflex, which is listed on Bombay Stock Exchange, manufactures packaging products, polyester film, inks and adhesives. The Flex Group has offices in various cities including Delhi, Mumbai, Kolkata and Bangalore.

While Chaturvedi could not be reached for comment, a company spokesperson neither confirmed nor denied raid by the income-tax department. Chaturvedi, who is considered close to the political establishment in UP, had a brush with law in a bribery case earlier.

Tax officials also raided various premises of telecom equipment company HFCL in Delhi and Himachal Pradesh. A spokesperson for the company confirmed the raid. Sources in the I-T department said the offices of Club One Air were also raided by the authorities.

SP leader Amar Singh, who charged the ruling side with harassing people close to him, said it was yet another instance of the vindictive approach of the ruling dispensation.

The timing of the raids is significant as it comes a day ahead of the declaration of results in the just-concluded Uttar Pradesh elections. There were speculation about imminent action against SP leaders and their associates by the tax authorities.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions