SS Palanimanickam

Income-tax department detects two cases of tax evasion by Cadbury India

Income-tax department detects two cases of tax evasion by Cadbury IndiaThe income-tax department has dragged Cadbury India Ltd under its scanner for alleged two cases of tax evasions, Minister of State for Finance S. S Palanimanickam told Parliament.

In a written reply to Rajya Sabha on Thursday, Palanimanickam said that the Directorate General of Central Excise Intelligence had detected two cases of tax evasion by Cadbury India.

Authorities probing money laundering cases against Bharti

Authorities probing money laundering cases against BhartiThe Enforcement Directorate is conducting investigations on money laundering cases against India's largest telecom service provider, Bharti Airtel, according to Minister of State for Finance SS Palanimanickam.

"Directorate of Enforcement is investigating cases under the provisions of Prevention of Money Laundering Act, 2002, and Foreign Exchange Management Act, 1999, involving M/s Bharti Airtel Ltd," he wrote in a reply to a question in the parliament.




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