Sahara India Granted Immunity From Prosecution: Find Out More

In what could be one of the quickest orders passed by the Income Tax Settlement Commission (ITSC), Sahara India has been granted immunity from prosecution and penalty following raids conducted on November 2014 during which “diaries” listing alleged pay-offs to politicians were recovered. Significantly, the ITSC has concurred with Sahara’s claim that the “evidentiary value” of the “loose sheets” recovered during the raids “could not be proved” by the Income Tax Department.