Two foreign-controlled companies can face penalty of over Rs 1,000 cr for violating law, says CBDT
Dec 31, 2021
New Delhi [India], December 31 : Two foreign-controlled mobile companies can face a penalty of over Rs 1,000 crore for not complying with the regulatory mandate prescribed under the Income-tax Act, 1961 for disclosure of transactions with associated enterprises, said the Central Board of Direct Taxes (CBDT) on Friday.