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: VAT RATES :: cpt :: ACCOUNTING STANDARDS :: TDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: form 3cd :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended
 What is GST?
 Income-tax (15th Amendment) Rules, 2017?
 Banks get a breather as GST Council extends deadline for tax filing
 Income Tax filing: Your easy guide in 7 steps
 E-filing income tax return: How individuals can upload any ITR using excel utility
 Top 10 common mistakes to avoid when e-filing your income tax return

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