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
Watch Rani Mukerji’s ‘Dadasaheb Phalke Excellence Award’ winning performance in ‘Hichki’ only on Sony MAX

After garnering success at the box office and a heart-warming response from the audience, the Rani Mukerji starrer ‘Hichki’ is all set for its Worldwide Television Premiere only on Sony Pictures Networks’ number 1 Hindi movie channel, Sony MAX on Saturday, 26th March at 9pm. Directed by Siddharth...

Television TV Channels Movie Channels
World Television Premiere of Raid on Star Gold

This May, Star Gold to bring the World Television Premiere of Raid. Touted as first Bollywood project to be based on an Income Tax raid, this Ajay Devgn starrer hit will be showcased on 27th May 2018, Sunday at 1 PM on Star Gold.

Television TV Channels Movie Channels
Travelxp explores Nagaland this month; Strictly Street, Krazee Foodie return for second seasons

Travelxp, the world’s leading travel channel, continues to excite its viewers with its popular show ‘Xplore Nagaland’ and new seasons of ‘Strictly Street’ and ‘Krazee Foodie’ as it continues to bring an experience of new places, diverse cultures and exotic cuisine straight to viewers’ living rooms...

Television TV Channels Factual & Documentary
BBC StoryWorks expands into India

BBC StoryWorks, the global content marketing team within BBC Global News Ltd, has expanded into India with staff now based in the country for the first time as part of wider growth across the Asia Pacific region.

Television TV Channels Factual & Documentary
Firstpost turns 7: a look back at the milestones

MUMBAI: India’s leading digital news platform known for its path breaking content and remarkable journalism, celebrates 7 years in the industry. The platform was launched in 2011 by Network18 as an exclusive online news and views website and app accessible across platforms and...

Television TV Channels News Broadcasting
Star to telecast IPL finale on 17 channels, adds Marathi Malayalam feeds

On the evening of 27 May, Star India wants to ensure you see nothing but IPL on your TV screens, no matter where you are or what language you speak. It has roped in Star Pravah and Asianet movies to add two new language feeds for better reach of the IPL 2018 in Marathi and Malayalam respectively.

Television TV Channels Sports
Sunil Lulla joins Balaji Telefilms as group CEO

MUMBAI: Indian production company Balaji Telefilms has appointed Sunil Lulla as its new group chief executive officer. His new role will be effective from 25 May 2018. He will replace Sameer Nair who quit the company to join Applause Entertainment.

Television TV Channels People
Nielsen on changing landscape of global sports

MUMBAI: The global sports industry is undergoing more disruption than ever as a result of ongoing shifts in media consumption, the emergence of new technologies and a rapidly evolving sponsorship market.

Television TV Channels Sports
ITW Consulting appoints Navneet Sharma as president, international strategy, sales & IP development

ITW Consulting, a global sports commerce specialising in crafting and executing multi-faceted brand management solutions across sports, entertainment and media, has appointed Navneet Sharma as president international strategy sales and IP development w.e.f. from May 2018.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories