Attempts to evade tax, shady financial transactions
Several incriminating documents seized for scrutiny
Mohinder Verma
JAMMU, Jan 6: Investigation Wing of the Income Tax Department today carried out simultaneous raids in the premises of 15 entities in Jammu and Delhi which are associated with IL&FS Transportation Networks Limited and its Financial Services in connection with alleged large scale evasion of tax and other shady financial transactions.
Reliable sources told EXCELSIOR that on the directions of the top brass of the Income Tax Department different teams of Investigation Wing started simultaneous raids in the premises of 15 entities one in Jammu and rest in Delhi. Huge deployment of security personnel was made at all these places in order to ensure smooth operation by the Income Tax Department sleuths.
IL&FS Transportation Networks subsidiary refinances Rs 1,730 crore debt via non convertible debentures
IL&FS Transportation Networks subsidiary refinances Rs 1,730 crore debt via non convertible debentures
IL&FS Transportation Networks Ltd On Monday Said Its Arm Jharkhand Road Projects Implementation Company Ltd Has Re-financed Rs 1,730 Crore Debt Via Issuance Of Non-convertible Debentures (NCDs).
News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 08 May 2017, 11:35:17 AM
New Delhi:
IL&FS Transportation Networks Ltd on Monday said its arm Jharkhand Road Projects Implementation Company Ltd has re-financed Rs 1,730 crore debt via issuance of non-convertible debentures (NCDs). Jharkhand Road Projects Implementation Company Ltd, a subsidiary of the company, has re-financed its debt of Rs 1,730 crore availed for development of 5 Road stretches in the state of Jharkhand by issue of non-convertible debentures, IL&FS Transportation Networ
NFRA can carry on probe of IFIN audits: Delhi HC
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While hearing the case on Wednesday, the court, however, said no order should be made effective or put on the regulator’s website without seeking permission of the court. Justice Navin Chawla adjourned the case to March 18, 2021 for further hearing.
Agencies
Delhi HC has allowed audit regulator NFRA to carry on investigation and issue notices to executives working with BSR & Associates
MUMBAI: The Delhi High Court has allowed audit regulator National Financial Reporting Authority (NFRA) to carry on investigation and issue notices to executives working with BSR & Associates, which was the auditor of ILFS Financial Services (IFIN).