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Cyber Monday MBT - Shravan Gupta summoned by court over 'black money' allegationsByHarish V Nair Published: 22:53 GMT, 27 February 2015 | Updated: 23:54 GMT, 27 February 2015 View comments The managing director of real estate major Emaar MGF has been summoned as an accused after the I-T department filed a complaint for alleged tax evasionA Tis Hazari Cyber Monday MBT court on Friday summoned managing director of real estate major Emaar MGF Shravan Gupta as an accused after taking cognisance of the Income Tax departmenta£á?s complaint against him for allegedly not furnishing details of his foreign bank accounts.A?Additional Chief Metropolitan Magistrate Devendra Kumar Sharma has summoned Gupta on March 24.Guptaa£á?s name, along with others, Cyber Monday MBT has allegedly cropped up in the black money case.A?The Income Tax Department, in its complaint against Gupta, has alleged that he had not filed the income tax return of US $1.5 million for the financial year 2005-2006 and admitted to the same when questioned and confronted by the department about it.A?It alleged that he Cyber Monday MBT had later filed the income tax return and declared the amount in his income.A?The department said Gupta had refused to give his bank account details, after which the complaintA? was filed against him under Section 276 D (failure to produce accounts and documents) of the IT Act.A?The department said this after Guptaa£á?s name cropped Cyber Monday MBT up in the HSBC list.A?According to the department, Gupta had opened the HSBC account in 2006.A?It was closed in 2007 and tax was deposited by him voluntarily in 2011.A?After the Special Investigation Team submitted its second report, the SC had directed the IT department to go whole hog with the probes and prosecutions.A?The proceedings Cyber Monday MBT had gained momentum when the court on November 12 took cognisance of the prosecution initiated by the department against Dabur India director Pradip Burman, one of the seven businessmen named by the department before Supreme Court.A?The case against Burman has now been fixed for hearing arguments before framing the charges.A?The second prosecution that was Cyber Monday MBT initiated was against a former Indian Naval officer Perbodh Nath Aggarwal.A?Rear Admiral (retd) Aggarwal is being probed for evasion of approximately Rs 24 crore. Aggarwal has been booked for tax evasion and non-disclosure (section 276c (1) and 277) of Income Tax Act 1961 for the assessment year 2005-06.A?He owned several undeclared offshore accounts, which Cyber Monday MBT are estimated to have held nearly Rs 60 crore for several other assessment years.A? On December 2, the last date of hearing, the apex court had virtually thwarted fresh attempts by the Modi government to go slow on the black money probe and sternly asked it to a£á?just go whole hog to unearth the Cyber Monday MBT moneya£á? and leave its other worriesa£á¡¨ bilateral, international agreement obligation and confidentiality clause related grievancesa£á¡¨to the SIT which has two retired SC judgesa£á¡¨Justices M.B. Shah and Arijit Pasayat as its Chairman and Vice Chairman respectively.A?The remarks had come after the attorney general repeatedly told the bench that disclosing names of all Indian foreign bank Cyber Monday MBT account holders without arriving at their alleged illegality would breach confidentiality clause in the existing bilateral double taxation avoidance agreements signed by India with other countries. .