• Download mobile app
22 May 2018, Edition - 1043, Tuesday

FLASH NEWS:

  • NHRC issues notice to Gujarat govt, notice to govt over dalit atrocity, dalit was beaten to death in Rajkot
  • After VVPATs were seized from Vijayapura, B.S Yeddyurappa moves poll panel, seeks probe into the matter
  • SC rejects Hindu Mahasabha’s petition, plea challenged Cong-JDS alliance, plea called pact ‘unconstitutional’
  • Cricketer Jadeja’s wife allegedly thrashed, cop attacks Rivaba Jadeja in Jamnagar, assaulted after collision of vehicles
  • The southern states parties barring Tamil Nadu’s AIADMK and chief minister K Palaniswami will also be in attendance

Kerala News

IT attaches assets of Sreevalsam Group for tax evasion

Covai Post Network

Kochi: In a suspicious case of tax evasion, the Income Tax Department today attached the assets of Sreevalsam Group. The action was taken as group owner M K R Pillai defaulted paying tax and fine of Rs 288 crore.

Thirty six assets of the group have been attached.

Under the recently amended IT act, this is the first action against suspected tax evasion in Kerala. The attached assets are registered under eight sub-registrar offices in Kerala and in Bengaluru.

The other owners are Pillai’s wife Valsala and sons Arun Raj and Varun Raj. The IT officials also found Pillai transferring huge amount of money to Kerala through benami account.