Income-Tax move against mining companies

By Abha Manakatala - Sun Oct 18, 1:30 pm

taxThe Income Tax department has begun to take stern action against black money being generated by the rich mining sector.

The department has initiated detailed scrutiny of a number of such exploration and production companies across the country.

The Central Board of Direct Taxes has reportedly issued orders to all tax offices to check any “discrepancies” in the financial statements filed and actual operations conducted by these companies after the Special Investigation Team on black money took a serious view in this regard.

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