Bengaluru ED books top mineral export firm under Fema
The Directorate of Enforcement further added that 'it is also revealed that multiple bank accounts were opened abroad by the SKMEPL directors for parking of funds outside India and for further diversion of funds to these bank accounts for purchase of properties overseas in their and their family members' names.'
The Directorate of Enforcement had initiated investigation based on 'intelligence input received from Income Tax wherein it was prima facie revealed that part of the export proceeds of SKMEPL were diverted by its buyers in the bank accounts of overseas companies wherein the directors of the company were shareholders,' the release said.
'Further, it is understood that Shantesh had acquired immovable property at 9, Hay's Mewa, London, which was valued at EUR 6.4 million, partly out of the said proceeds,' the Central agency added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
8 hours ago
- Mint
Lucknow News: IRS officer suspended after ‘violent' assualt on junior colleugue over cricket team captaincy
Indian Revenue Services (IRS) officer Yogendra Kumar Mishra has been suspended on 4 June – six days after he allegedly assaulted a junior officer inside an Income Tax office during a meeting in the Uttar Pradesh capital Lucknow. The suspension order reads that a criminal case is under investigation against Mishra, a 2014-batch IRS officer currently posted in Kashipur, Uttarakhand as Joint Commissioner of Income Tax. Mishra has been attached with Kolkata officer under the jurisdiction of the Principal Chief Commissioner of Income Tax (CCA), West Bengal and Sikkim Region, pending inquiry. Mishra has been asked not to leave headquarters without prior permission. The move comes in the wake of serious allegations by Gaurav Garg, a 2016-batch IRS officer posted in Lucknow as Deputy Commissioner. Garg filed an FIR at Hazratganj police station in Lucknow on Friday in which he accused Mishra of a violent, premeditated attack on him on 29 May during a closed-door departmental meeting attended by senior officials. Based on Garg's complaint, a case was registered against Mishra at the Hazratganj police station on Friday under sections 109(1) (attempt to murder), 121(2) (causing hurt to public servant), 221 (obstruction of duty), 324(3) (mischief), 352 (intentional insult) and 351(3) (criminal intimidation) of the BNS, along with relevant sections of the Prevention of Damage to Public Property Act, 1984. The incident is rooted in a dispute over the captaincy of a departmental cricket team earlier this year and involved physical assault, attempted strangulation, and an attempt to stab with a broken glass tumbler, according to reports. On 2 June, Mishra took to X and claimed that he was being targeted for exposing irregularities in tax investigations carried out during his predecessor's tenure in Kanpur. 'I am forced to speak out publicly about the extreme harassment, character assassination and false police complaints being orchestrated against me. The facts must be known,' he wrote in a thread.
Time of India
9 hours ago
- Time of India
Joint commissioner Yogendra Mishra suspended following assault on junior officer over cricket dispute in Lucknow
LUCKNOW: Six days after allegedly assaulting a junior officer inside an Income Tax Narhai office in the Hazratganj area of Lucknow, Joint Commissioner of Income Tax Yogendra Kumar Mishra was suspended. The suspension order, issued on Wednesday, states that a criminal case is under investigation against Mishra, a 2014-batch IRS officer currently posted in Kashipur, Uttarakhand. Pending inquiry, his headquarters was shifted to Kolkata under the jurisdiction of the Principal Chief Commissioner of Income Tax (CCA), West Bengal and Sikkim Region. Mishra was directed not to leave headquarters without prior permission. The move comes in the wake of serious allegations by Gaurav Garg , a 2016-batch IRS officer posted in Lucknow, who filed an FIR at Hazratganj police station on Friday. Garg accused Mishra of launching a violent, premeditated attack on May 29 during a closed-door departmental meeting attended by senior officials. The incident, allegedly rooted in a dispute over the captaincy of a departmental cricket team earlier this year, reportedly involved physical assault, attempted strangulation, and an attempt to stab with a broken glass tumbler. Garg alleged that Mishra, who was earlier transferred to Uttarakhand over similar complaints, stormed into the sixth-floor meeting hall, abused him, and attacked him in full view of Commissioner Richa Rastogi and Additional Commissioner Shourya Shashwat Shukla. Police were alerted, and Garg was rushed to Civil Hospital. Based on his complaint, police registered a case under multiple sections of the Bharatiya Nyaya Sanhita (BNS), including attempt to murder, criminal intimidation, obstruction of duty, and relevant sections of the Prevention of Damage to Public Property Act. Meanwhile, Mishra took to X (formerly Twitter), claiming he was the target of a vendetta campaign led by Garg, alleging that his efforts to expose lapses in tax investigations during his tenure in Kanpur were being suppressed through police and media pressure. He described the cricket-related dispute as a minor matter that was resolved amicably.
&w=3840&q=100)
Business Standard
10 hours ago
- Business Standard
Sept 15 is new deadline to file ITR but that's not for everyone: Here's why
The Central Board of Direct Taxes (CBDT) recently extended the deadline to file Income Tax returns (ITR) for non-audit cases from July 31 to September 15, 2025. Not all taxpayers are covered under this extension though. If your accounts are subject to audit, your ITR deadlines remain unchanged. Who didn't get the ITR extension? While salaried individuals and small business owners not subject to audit now have more time, taxpayers whose accounts need to be audited must still file their returns on the original dates as per the Income Tax Act. These include: Important dates for audit cases Here's a quick look at the unchanged deadlines for audit-related filings: September 30, 2025: Last date to submit tax audit reports under Section 44AB (for non-transfer pricing cases) October 31, 2025: Deadline for filing ITRs in audit cases November 30, 2025: ITR due date for taxpayers with transfer pricing requirements Such taxpayers must plan well in advance, as no extension is provided beyond these dates. For non-audit cases: New relief timeline Those not required to undergo audit, like salaried individuals and small businesses under presumptive tax, can now file returns by September 15, 2025, instead of the earlier July 31 deadline.
