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SC rules Bhatbhateni guilty of VAT evasion, orders it to pay Rs 1.6 billion to govt

KATHMANDU, Jan 31: Supermarket Bhatbhateni, accused of conducting business using fake VAT bills, has been ordered by the Supreme Court (SC) to pay more than Rs 1.6 billion to the government. After the order of the Supreme Court, it has been confirmed that Bhatbhateni conducted business through fake VAT bills. Bhatbhateni now has to pay the amount to the government after the SC upheld its previous verdict that the supermarket had evaded tax. ....

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PM Dahal in touch with Ncell for past 15 years

KATHMANDU, Dec 12: The current Prime Minister Pushpa Kamal Dahal's connection and contact with the operating partners of private telecommunications had blossomed when he became the country’s PM for the first time, leading the government formed after the election of the first Constituent Assembly. Addressing a gathering of journalists close to the CPN (Maoist Center) on Monday, PM Dahal said that he had learned about the Ncell share sale while in Dubai and formed a committee to investigate it upon returning home. ....

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Government, Axiata could be in a long legal battle over Ncell sale

Nepal studying the legality of Axiata’s abrupt exit without notifying the Nepal Telecommunications Authority. ....

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IRD steps up to investigate controversial deal of Ncell partner Axiata Group

KATHMANDU, Dec 4: The Inland Revenue Department (IRD) has started an investigation over Axiata's exit from Ncell on suspicion of possible evasion of taxes by the company. ....

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Make a thorough probe into Axiata Group's Controversial Ncell exit

The Inland Revenue Department (IRD) has initiated an investigation into Axiata Group's exit from Ncell, amid suspicion of potential tax evasion. The controversy surrounds Axiata's sale of 80 percent stakes in Ncell to Spectrlite UK for a seemingly undervalued amount of US$ 50 million (Rs 6.5 billion). ....

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