Wednesday, 28 February 2018

Mumbai court issues summons to Nirav Modi in tax evasion case

A nearby court in Mumbai on Tuesday issued summons to diamantaire Nirav Modi regarding a salary tax avoidance test against him and his organizations, authorities said.

They said the court of Additional Chief Metropolitan Magistrate issued the summons and requested that Modi show up before it on March 12.

The court issued the notice after the Income Tax Department had a week ago documented a charge sheet against him for asserted avoidance of assessments and the court took cognisance of it on Tuesday.

The office's insight today looked for issuance of a non bailable (NBW) warrant against him as Modi has not showed up before the taxman after summons were issued to him.

The charge sheet was documented under areas 276 C (1) (wilful endeavor to avoid impose), 277 A (false articulation in check), 278 B (offenses by organizations) and 278 E (assumption as to blamable mental state) of the Income Tax Act, 1961.

The division had yesterday said that it has grabbed an accumulation of 173 canvases and craftsmanships recuperated amid strikes led at premises connected with Modi. It had additionally temporarily joined 29 properties and 105 financial balances of the precious stone vendor, his family and firms as a component of this test.

Modi, his uncle and Gitanjali Gems promoter Mehul Choksi and others are being examined by various test organizations after it as of late became exposed, after a protestation by the Punjab National Bank (PNB), that they supposedly swindled the bank to the tune of Rs 11,400 crore, with the indicated contribution of a couple of workers of the bank.

The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have enrolled two FIRs each to test this case.

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