1. 18 tax defaulters owe Rs 500cr to exchequer; Govt releases list

18 tax defaulters owe Rs 500cr to exchequer; Govt releases list

The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.

By: | Published: March 26, 2015 4:59 PM
Income tax, Revenue Department, Gujarat, Somani Cement, Blue Information Technology, Appletech Solutions, Jupiter Business, Hirak Biotech The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.

The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.

Out of the 18 defaulters, 11 are Gujarat-based, including Somani Cement with tax arrears of Rs 27.47 crore; Blue Information Technology (Rs 75.11 cr); Appletech Solutions (Rs 27.07 cr); Jupiter Business Ltd (Rs 21.31 cr) and Hirak Biotech (Rs 18.54 cr), according to the list released by the Central Board of Direct Taxation.

The other Gujarat-based companies which figured in the defaulters list include Icon Bio Pharma & Healthcare Ltd (Rs 17.69 cr), Banyan & Berry Alloys (Rs 17.48 cr), Laxminarayan T Thakkar (Rs 12.49 cr), Virag Dyeing & Printing (Rs 18.57 cr), Poonam Industries (Rs 15.84 cr), Kunvar Ajay Food Pvt Ltd (Rs 15 crore).

Besides, other companies in the list include Jaipur-based Goldsukh Trade India (Rs 75.47 cr), Kolkata-based Victor Credit & Construction (Rs 13.81 cr), Mumbai-based Noble Merchandise (Rs 11.93 cr).

The list also include legal heir of Pune-based G K Dharne involving a tax default of Rs 38.31 crore.

Tags: Income Tax
  1. R
    rs
    Mar 26, 2015 at 6:30 pm
    Why ca'nt strict action including putting them behind bars be initiated against the culprits. No mercy to be shown to them.
    Reply
    1. T
      t p
      Mar 26, 2015 at 7:33 pm
      This article gives single side view, views of the defaulters also should be taken before publishing .
      Reply

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