Assam govt realises Rs 7.5 cr from Haryana-based company for evading tax
Lakhimpur (Assam), Aug 6 (PTI) The Assam government on Wednesday realised Rs 7.5 crore for tax evasion from a Haryana-based company involved in constructing a four-lane road from Dhemaji to Oyan in Arunachal Pradesh, an official said.
A 12-member team from Guwahati conducted an investigation into tax evasion allegations against Kaluwala Construction Private Limited over six days.
Investigations have so far revealed an estimated tax evasion of around Rs 64 crore.
The company failed to provide adequate justification for several discrepancies identified in their GST profile during the verification process, the official said.
'As a result, immediate enforcement action was taken, leading to the recovery of Rs 7.5 crore", he added.
view comments
First Published:
August 06, 2025, 13:30 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
a few seconds ago
- Economic Times
Has ICICI Bank taken a U-turn on Rs 50,000 monthly average balance? Here's what it's website shows
ET Online (Representative image) ICICI Bank has lowered its minimum balance requirement for savings account to Rs 15,000 from the earlier Rs 50,000 as announced. ICICI Bank has lowered its minimum balance requirement for savings account to Rs 15,000 for new savings accounts opened from August 1, 2025. ICICI Bank said: "We had introduced new requirements for the Monthly Average Balance (MAB) for new Savings Accounts opened from August 1, 2025. Following valuable feedback from our customers, we have revised these requirements to better reflect their expectations and preferences." According to the ICICI Bank website, the monthly minimum average balance (MAB) for urban locations is now Rs 15,000. Prior to this change it was Rs 50,000. For semi-urban locations the MAB is now revised to Rs 7,500. Previously, the MAB stood at Rs 25,000 for semi urban areas. Also read: Rs 4.58 crore stolen from ICICI bank customers: Broke FDs, created overdraft and personal loan; how relationship manager executed fraud Available in All cities Eligibility Resident Indian below 60 years Minimum monthly averagebalance (MAB)* (MAB is thesimple average of day-endbalances for a calendarmonth) Metro and Urban locations - Rs 15,000Semi-urban locations - Rs 7,500Rural locations- Rs 2,500Pensioners (Below 60 Years) and Students of 1200 selectinstitutes – Nil MAB This SOC is applicable to Savings Account, Account for Pensioners (Below 60Years) and Minors• Programme: Select Banking, Wealth Management andPrivate Banking• Savings Account integrated with Demat & TradingAccount (3-in-1 Account) Source: ICICI Bank website ( Please note: This Schedule of Charges (SOC) and MAB requirements are not applicable to Salary Accounts, Senior Citizens / Pensioners (Above 60 years), BSBDA/PMJDY, and Accounts for people with special needs. They are also not applicable to Savings Accounts opened before July 31, 2025. We have sent our queries to ICICI bank and are waiting for their response. Also read: ICICI Bank branch manager duped depositors of crores for years to meet targets. How is Minimum monthly average balance (MAB) calculated? MAB is the simple average of day-end balances for a calendar month. MAB is calculated by dividing the closing day balances in your account every single day, and dividing them by 30, or 31, whatever the length of the ongoing month has been. In the case of ICICI Bank, if the individual failed to maintain this MAB, they would be penalised 6% of the shortfall, or Rs 500, whichever is lower. Following this, in case the MAB in your account came down to Rs 9500, you'll be required to pay penalty of 6% on the shortfall of Rs 500, i.e. Rs these rules were not applicable to existing ICICI customers i.e. those who held an account with the bank before August 1, 2025, the rules significantly impacted those opening an account with the bank post this date. While calculating MAB, it is important to remember that you are not required to maintain the MAB in your account at all times. This means that in case the MAB stipulated by your bank is Rs 10000, it does not mean that you are required to have Rs 10,000 in your account at all times. It simply means that the average of your daily closing balances should come down to 10,000. N.R. Narayana Murthy Founder, Infosys Watch Now Harsh Mariwala Chairman & Founder, Marico Watch Now Adar Poonawalla CEO, Serum Institute of India Watch Now Ronnie Screwvala Chairperson & Co-founder, upGrad Watch Now Puneet Dalmia Managing Director, Dalmia Bharat group Watch Now Martin Schwenk Former President & CEO, Mercedes-Benz, Thailand Watch Now Nadir Godrej Managing Director, of Godrej Industries Watch Now Manu Jain Former- Global Vice President, Xiaomi Watch Now Nithin Kamath Founder, CEO, Zerodha Watch Now Anil Agarwal Executive Chairman, Vedanta Resources Watch Now Dr. Prathap C. Reddy Founder Chairman, Apollo Hospitals Watch Now Vikram Kirloskar Former Vice Chairman, Toyota Kirloskar Motor Watch Now Kiran Mazumdar Shaw Executive Chairperson, Biocon Limited Watch Now Shashi Kiran Shetty Chairman of Allcargo Logistics, ECU Worldwide and Gati Ltd Watch Now Samir K Modi Managing Director, Modi Enterprises Watch Now R Gopalakrishnan Former Director Tata Sons, Former Vice Chairman, HUL Watch Now Sanjiv Mehta Former Chairman / CEO, Hindustan Unilever Watch Now Dr Ajai Chowdhry Co-Founder, HCL, Chairman EPIC Foundation, Author, Just Aspire Watch Now Shiv Khera Author, Business Consultant, Motivational Speaker Watch Now Nakul Anand Executive Director, ITC Limited Watch Now RS Sodhi Former MD, Amul & President, Indian Dairy Association Watch Now Anil Rai Gupta Managing Director & Chairman, Havells Watch Now Zia Mody Co-Founder & Managing Partner, AZB & Partners Watch Now Arundhati Bhattacharya Chairperson & CEO, Salesforce India Watch Now
India Today
a few seconds ago
- India Today
Indian-origin US doctor fined $2M for false surgery billing fraud
A 63-year-old Indian-origin pain medicine doctor based in Houston, Texas, has agreed to pay more than $2 million (approximately Rs 17.4 crore) to settle allegations of healthcare fraud, according to the US Ajay Aggarwal agreed to pay $2,053,515 to resolve claims that he submitted false billing to Medicare and to the Department of Labor's Workers' Compensation Programs between November 2021 and March 2023, for surgical procedures that were never actually is an anesthesiologist and pain medicine doctor who also practices in Texas' Bellaire city, Lake Jackson city and Van Vleck (in Matagorda County). He runs his medical practice, called The Pain Relief & Wellness Center, through his own business and a company named PRWCSWTX LLC, according to the statement issued on Monday (August 11) by the US Attorney's Office, Southern District of Texas. Aggarwal billed federally funded healthcare programmes for the surgical implantation of neurostimulator electrodes, according to the statement. These are invasive procedures usually requiring use of an operating room. As a result, Medicare and other federally funded healthcare programmes pay thousands of dollars per procedure, the statement neither Aggarwal nor his staff performed these surgical procedures, according to the allegations, the statement further investigators said Aggarwal instead used electro-acupuncture devices on his patients, which involved inserting thin wires into the ear and taping a small neurostimulator behind the ear – none of which required surgery or treatments were done at Aggarwal's clinic, not a hospital or surgical centre, and no incision was made on a patient, according to the VOWS TO RECOVER LOSSES FROM FRAUDULENT MEDICARE BILLINGUS attorney Nicholas J Ganjei slammed the "fraudulent billing" by the doctor and vowed to recover the losses."A doctor who uses simple medical devices on his patients, yet bills Medicare for a sophisticated spinal surgery, is bilking the American taxpayer, plain and simple," said Ganjei."The Southern District of Texas will ensure that losses to federally funded healthcare programs from fraudulent billing, like what happened here, are recouped and that wrongdoers are held accountable," the attorney month, a doctor of Indian-origin admitted guilt to federal charges related to illegally prescribing strong opioids, resulting in the overdose deaths of two part of his plea, Sanjay Mehta admitted to writing unjustified prescriptions for oxycodone, methadone, and Roxicodone (a branded form of oxycodone hydrochloride) to three different patients in Virginia."Two of the three customers died of opioid intoxication within days of receiving their unlawful prescriptions," US Attorney's Office said in a quantum of Mehta's punishment will be announced on October 31.- Ends
&w=3840&q=100)
Business Standard
a few seconds ago
- Business Standard
Jubilant Foodworks Q1 results: PAT rises to 64% on strong delivery growth
Jubilant FoodWorks saw its net profit surge 64.4 per cent during the April-June quarter (Q1) of FY26 at Rs 91.8 crore. In the first quarter of the financial year, the company saw its profit before interest, depreciation and tax (PBIDT) go up 44.60 per cent to ₹459.7 crore. Sales Revenues of the company were up 17 per cent to ₹2,260.9 crore. According to an investor presentation, Domino's India revenue was up by 17.7 per cent year-on-year (Y-o-Y), driven by strong order growth of 17.3 per cent across all tiers and its like-for-like (LFL) rise of 11.6 per cent. This was on account of strong delivery LFL growth of 20.1 per cent. It also said that its mature stores average daily sales came in at ₹85,396 for Domino's India stores. The company added that delivery channel revenue was up by 24.6 per cent and dine-in channel revenue rose 2.5 per cent, mainly driven by lunch-hour meals. Shyam S. Bhartia, chairman, and Hari S. Bhartia, co-chairman, Jubilant FoodWorks, said in its results release, 'We are pleased with the strong start to the year, marked by healthy top-line growth and disciplined profitability. This performance sets a solid foundation for what we believe will be a high-impact year. Our unwavering commitment to putting the customer first combined with sustained investments in technology, innovation, and operational excellence — continue to power our competitive edge and promote long-term value creation.' Sameer Khetarpal, chief executive officer (CEO) and managing director (MD), said in the results release that Q1 has been a stellar start, setting the tone for a dynamic year ahead. 'We've accelerated menu innovation, significantly expanded the share of our own digital assets and made decisive strides towards achieving 20-minute delivery. In parallel, we continue to scale Popeyes with the ambition of making it India's most-loved chicken brand. Our focus remains firmly on margin expansion, while maintaining strong cash flows from our Turkey business,' he added.
