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| afraid of only termites... |
NEW DELHI: The Income Tax Settlement
Commission has levied a penalty of nearly Rs 57 crore on Congress spokesman
Abhishek Manu Singhvi after the Rajya Sabha MP failed to furnish documents
supporting his claims of expenditure for running his office.
The Settlement Commission, which is a dispute resolution entity which a taxpayer can approach once, rejected Singhvi's plea for immunity from prosecution, while levying penalty at 100% of the tax attributable to income for assessment years 2010-11 to 2012-13. Singhvi had approached the panel on his own.
The Settlement Commission, which is a dispute resolution entity which a taxpayer can approach once, rejected Singhvi's plea for immunity from prosecution, while levying penalty at 100% of the tax attributable to income for assessment years 2010-11 to 2012-13. Singhvi had approached the panel on his own.
(He is LIC's counsel, but no prejudice is meant. Cartoon added. Report recd thru P.Ramanathan. -Ed.)