NDTV Slapped with 200% Penalty for Tax Evasion (Picture Story)

Truth v/s Hype
Jul 22, 2017 · 2 min read

The Press Trust of India reported that the Income Tax Appellate Tribunal has upheld a tax demand raised on USD 150 million investment by a US television network — NBC Universal in NDTV in 2008. NDTV termed the order as that having “numerous inconsistencies and contradictions”.

With the ITAT’s July 14 order upholding the tax demand, penalty proceedings are likely to commence shortly. Here’s all you need to know:

1. NDTV’s Plea Dismissed

2. Alleged Evasion

3. Penalty

4. Under Sec 69A of Income Tax Act t

5. Transaction for Diversion

6. NDTV’s Reaction

With inputs from PTI

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