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D B Corp Ltd reports Rs. 22.25 crores consolidated loss in Q1FY22

D B Corp Ltd reports Rs. 22.25 crores consolidated loss in Q1FY22
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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'I-T action on Bhaskar comes after allegations of tax evasion'


‘I-T action on Bhaskar comes after allegations of tax evasion
© Provided by The Times of India
NEW DELHI: The searches by the income tax departmemt on Dainik Bhaskar group follow allegations of siphoning of funds by the group which has interests in media, power, textiles and real estate apart from the names of some members related to promoters cropping up in the Panama Papers, government sources said on Thursday.
The probe by the tax department has focused on allegations of tax evasion by the group by allegedly claiming bogus expenses and purchases using shell entities. Sources accused the group of having floated “paper companies” for the purpose, with employees as shareholders and directors of entities. ....

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I-T Dept denies making editorial decisions during search at Dainik Bhaskar


Amid allegations of manipulating stories and making editorial decisions during the search at Dainik Bhaskar on Thursday morning, the Income Tax Department has clarified that no such act was carried out by its officials during the raid.
The clarification comes hours after the I-T Department raided the offices of media group Dainik Bhaskar in several locations across the country over alleged tax evasion.
Certain allegations have appeared in some sections of media that I-T Department officials were suggesting changes in stories and taking editorial decisions during their search on offices of a certain publication. These allegations are absolutely false and are categorically denied by I-T Department, said the I-T Department in a tweet on Thursday. ....

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