The lower court allowed a 75-day temporary bail to the duo accused in the alleged irregularities caused at IL&FS and its subsidiaries, accepting the Covid-19 outbreak as a valid reason for providing relief.
A Mumbai sessions court granted interim bail to former IL&FS vice chairman Hari Sankaran and former MD of IL&FS Financial Services Ramesh Bawa on Friday, accepting the Covid-19 outbreak as a valid reason for providing relief to the duo accused in a case of alleged fraud.
Direct tax collections declined to Rs 10.27 lakh crore in the year ended March 31, falling 12.2% short of target, people familiar with the matter said.
Several ecommerce companies have taken to social media to highlight that their delivery executives have been stopped multiple times by police personnel on the ground.
Considering that Mumbai contributes towards 32 per cent of tax mop up, the Principal Chief Commissioner has also requested to extend the same for Direct Tax dispute resolution or Vivad se Vishwas (VsV) scheme and cases under the Black Money Act. Under VsV, disputed assessees can apply before March 31, an additional 10 per cent more will be charged for settlement of disputes after that date.
Chandra had earlier cited his Rajya Sabha commitment for not appearing on Wednesday following which the federal agency issued a fresh summon and asked him to join the investigation on Saturday. According to sources, Chandra reached the agency’s Ballard Pier office at 11am and is expected to be questioned till evening.
“Post the registration of the FIR by the CBI against Kapoor and Wadhawans on March 8, the agency asked the Wadhawan brothers to join the probe. They were not in their offices or residence when the searches were conducted. Subsequently it was reliably learnt that they had fled to Mahabaleshwar and since then, they have been changing locations,” said an official privy to development.
The Central Bureau of Investigation (CBI) has advised the administrator appointed by the Reserve Bank of India to assess the total alleged fraud caused by various corporate borrowers to the Yes Bank so that it can probe the books of all the stressed borrowers together.
YES bank has ruled out a forensic audit of its accounts and stressed that it was aware of the hole in its books.
day Desai, who had not appeared before the agency citing the Covid-19 outbreak, was arrested late Wednesday night from Mumbai, people in the know said.
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