Depute law officer to probe NDTV tax case, Swamy urges FM

MUMBAI: Rajya Sabha MP Subramanian Swamy has recommended through his Twitter handle that the finance ministry should field a Law Officer with the integrity to challenge NDTV's income tax case of Rs.525 cr failing which it would have to face protest by him (Swamy.

Earlier, NDTV published what it calls a 'statement of facts' on income tax case. NDTV states: This entire issue relates to a blatantly false case. In 2008, GE (USA) invested $150 million in NDTV through their media subsidiary NBC (USA).

Six years later, in 2014, the Income Tax Department of India - without any evidence at all - called this investment a "sham transaction", thereby accusing GE and NBC of being "fronts" or "name-lenders" for "money-laundering". The Income Tax Department is in effect accusing the CEOs of GE and NBC of a crime for which, under US law, they will go to jail, if convicted. The CEOs involved in the deal are Jeff Immelt (CEO of GE who has met PM Modi on several occasions, including recently) and Jeff Zucker (former CEO of NBC and now President of CNN).

This behaviour by the IT department is damaging for India and deeply harms the reputation of our country internationally at a time when we are trying to pitch India as an ideal place to do business, NDTV stated.

For the Income Tax Department to call some of the world's most respected business leader like Immelt and Zucker 'money launderers' amounts to what is widely known as "Tax Terrorism". On this accusation, NDTV is being continuously harassed as part of a concerted effort to silence an Indian media house that has always stood and fought for independent journalism - despite repeated threats and intimidation.

NDTV has appealed against the case. It has not been heard for two-and-a-half years as the income tax authorities have asked for no less than 20 adjournments. Since the first hearing, NDTV has not asked for a single adjournment. It suits the tax department to have this case drag on since it has no evidence of its wild and unsubstantiated allegations. The Enforcement Directorate (ED) has clearly told the Delhi High Court that while complaints against NDTV have been received, the allegations were not supported by even prima facie material, NDTV stated.

Latest Reads
Republic TV to track real-time data for Gujarat elections

MUMBAI: Republic TV has partnered data-science company Gramener to track real-time data, along with analysis, during the Gujarat elections. According to a release sent by Republic TV, “Gramener will help enhance the visual look both on-air and on Republic’s digital platforms to present the data in...

Television TV Channels News Broadcasting
Nakul Chopra is new BARC chairman

MUMBAI: Nakul Chopra, currently president of Advertising Agencies Association of India (AAAI) and senior advisor of Publicis Communications, has been elected as the next chairman of BARC India. Chopra succeeds Viacom18 group CEO Sudhanshu Vats, who has completed his one-year tenure as chairman.

Television TV Channels Viewership
Nitin Kukreja joins iQuest

Former Star India sports head Nitin Kukreja has joined iQuest Enterprises as its chief executive officer. Kukreja had left Star in March this year. IQuest is an enterprise of Nimmagadda Prasad, the former owner of the Maa TV group, who has multiple business interests ranging from infrastructure to...

Television TV Channels Sports
Sun TV's unassailable lead continues, while Zee TV leads Hindi across genre

BENGALURU: The Sun network's flagship Tamil general entertainment channel (GEC) Sun TV continued its lead in ratings across all GECs on Indian television for week 48 of 2017 (25 November to 1 December 2017) according to Broadcast Audience Research Council (BARC) weekly ratings data

Television TV Channels GECs
Republic TV, BTVI join hands for budget coverage

MUMBAI: Republic TV, spearheaded by Arnab Goswami, and Business Television India (BTVI) have entered into an alliance for content and programming around Union Budget 2018. The Republic TV- BTVI alliance promises to offer viewers a distinctive experience.

Television TV Channels News Broadcasting
Mairu Gupta and the art of building the NBA in India

MUMBAI: For basketball fans worldwide, the US National Basketball Association (NBA) represents the mecca of the sport. But in India, the NBA has had its task cut out, what with cricket presenting a near impenetrable line of defence.

Television TV Channels Sports
CNN-News18 'Indian of the year' 2017 special Telecast on 9 and 10 December

MUMBAI: The awards night of the annual and flagship initiative of CNN-News18, ‘Indian of the Year – 2017’ will be telecasted on the 9 and 10 of December at 9:30 PM on the channel. The initiative, whichrecognizes and awards the exceptional contribution and achievements of the iconic Indian citizens...

Television TV Channels News Broadcasting
Music channels bet on shows to boost viewership

MUMBAI: Seems like music channels are playing second fiddle to online music platforms when it comes to playing tracks. In an attempt to grab more eyeballs, pure-play music channels on television are moving away from the music content and focusing more on the youth-centric shows.

Television TV Channels Music and Youth
Zee TV leads Hindi GECs in week 48 of Barc ratings

MUMBAI: Zee TV emerged as the leader among Hindi general entertainment channels (urban + rural) dethroning Zee Anmol, according to Broadcast Audience Research Council’s (BARC) all-India data for week 48.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories