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Maruti, Shaw Wallace among top 20 IT defaulters
New Delhi, Dec 05: Late big bull Harshad Mehta, largest car maker Maruti and liquor major Shaw Wallace are among top 20 corporate and individual income tax defaulters, lok sabha was informed today.
New Delhi, Dec 05: Late big bull Harshad Mehta,
largest car maker Maruti and liquor major Shaw Wallace are
among top 20 corporate and individual income tax defaulters,
lok sabha was informed today.
Finance Minister Jaswant Singh said as per information
given by his ministry, another big bull Hiten P Dalal also
figured among the top 20 with highest outstanding demand as on
June 30 this year.
Besides them, the list includes Sahara India Financial
Corporation, Sahara India Mutual Benefit Co Ltd, First Global
Stock Broking, Rolex holding and Ganpati Exports Ltd, Singh
said.
Other defaulters included Northern Coalfields, IDBI and Videsh Sanchar Nigam Ltd. Most of the assessees in the list were notified assessees where recovery was possible only with the approval of special courts.
Some cases are pending before the Board For Industrial And Financial Reconstruction (BIFR) where recovery has not been possible in view of provisions of section 22 of sick industrial companies (special provisions) act, 1985, the finance minister said.
Bureau Report
Other defaulters included Northern Coalfields, IDBI and Videsh Sanchar Nigam Ltd. Most of the assessees in the list were notified assessees where recovery was possible only with the approval of special courts.
Some cases are pending before the Board For Industrial And Financial Reconstruction (BIFR) where recovery has not been possible in view of provisions of section 22 of sick industrial companies (special provisions) act, 1985, the finance minister said.
Bureau Report