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I-T seeks Rs 30k cr penalty from Cairn for non-payment of tax

New Delhi: The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time. Within weeks of tax tribunal ITAT upholding levy of retrospective tax, the Income Tax Department first sent a fresh demand note of Rs 10,247 crore and another show cause notice asking as to why penalty should not be levied for its failure in paying tax on time and filing of returns.

 

Domestic air passenger traffic up by 15%

Mumbai : The deceleration in the domestic air traffic growth continues for the second consecutive month this year with the demand for travel going up nearly 15 per cent to 90.45 lakh in March. The local airlines had flown 78.72 lakh passengers in March 2016. After posting over 20 per cent growth in domestic passenger market for the 13 consecutive months till January this year, the demand  air travel dropped to 15.77 per cent in February.

 

RDEL gets lenders’ approval to exit CDR

New Delhi: Reliance Defence and Engineering (RDEL) has secured nod from a consortium of lenders to exit its corporate debt restructuring package.The consortium of lenders, led by IDBI, has agreed to the exit plan of RDEL, a subsidiary of Reliance Infrastructure, with a longer maturity period for loans worth about Rs 6,800 crore, sources said. The lenders have also given their go-ahead to implementation of refinancing scheme of RDEL.

 
 
 
 
 

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‘Ban entry into Puri temple Garvagriha’

17 Dec 2017 | PNS | BHUBANESWAR

The State Government has recommended to the Shree Jagannath Temple Administration (SJTA) to stop entry of devotees into the sanctum sanctorum (Garvagriha) of the shrine. In a letter to the SJTA, the Government has asked for restrictions on darshan of the deities by devotees, including VIPs...

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Police probing from different angles in dead bodies’ case

18 Dec 2017 | PNS | Dehradun

Police are investigating different possibilities in the case of the two men found dead at the Sant Nirankari Satsang Bhawan on Friday. The bodies of Kamal Ram, a native of Rudraprayag and Sonu Kumar of Dehradun were found at Sant Nirankari Satsang Bhawan near Haridwar Bypass...

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