Saturday, February 19, 2011

I-T dept estimates Rs 40,000cr penalty against Hasan Ali - The Times of India

I-T dept estimates Rs 40,000cr penalty against Hasan Ali - The Times of India: "Hasan Ali Khan, the Pune-based stud farm owner alleged to be the country's biggest tax evader, appeared before income tax authorities on Friday following summons issued to him for alleged tax evasion.

An I-T official maintained that the penalty against Hasan Ali could be in the region of around Rs 40,000 crore."

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