Minutes of the last meeting of the Strategic Planning Group of the Currency and Coins Division of the Ministry of Finance, held on June 3, show that printing and bank note paper stock situation continue to be in flux after demonetisation.
This is the key allegation in an unprecedented complaint against the nation’s top tax administrator by Alka Tyagi, who was Chief Commissioner of Income Tax (Unit 2) in Mumbai when she sent her complaint to Finance Minister Sitharaman on June 21.
Officials said the break-in was discovered by Income Tax security staff in the morning when they found locked cupboards broken in and ransacked — several files and papers were “lying in disarray” a member of the administration team employed in the building said.
The tax department also surveyed the books of accounts of Nourish Organic Foods Ltd, a company in which his son Abir Lavasa is a director and holds 10,000 shares as part of an employee stock option plan last financial year.
Responding to questions sent by The Indian Express on the notices and the key allegations, a Reliance spokesperson replied: “We deny all the contents of your email including receipt of any such notice.”
In his first interaction with the media since the August 5 revocation of the special status to J&K under Article 370, Doval also said public order and safety of residents was of greater priority for the government.
At the high-level meeting, the previous attempts of the RBI which directed all banks to immediately instruct their branches to accept coins of all denominations tendered at their branches were also taken up.
It was in 2011 that MFMER, described in the data of offshore specialist firm Conyers Dill & Pearman as a not-for-profit corporation, registered Mayo Clinic GBS Mauritius to be wholly owned by Mayo Foundation.
At the heart of the 18-country collaborative investigation by the International Consortium of Investigative Journalists (ICIJ) and The Indian Express are data from Conyers Dill & Pearman, an offshore specialist law firm with several Fortune 500 companies as clients.
Leaked data show that before countries like India decided to rein in tax treaty benefits to increase their own tax base, bankers and companies like Conyers Dill & Pearman raised red flags over tightening regulations and compliance.
The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India.
Pointing to volume, Swiss office says several dispatches may be needed. According to the two Swiss agencies, India is among 73 countries with whom information on bank accounts will be shared this year — AEOIs were implemented with 36 countries last year.
The slew of charges, filed on May 23, the day Lok Sabha election results were announced, included making “scandalous” allegations against women Income Tax officers; making a “false facade of inquiries” against top officials of the Central Board of Direct Taxes (CBDT)