Income Tax Surveys at BBC Offices: Income, Profits Not Commensurate with Operations in India, Says CBDT
The Central Board of Direct Taxes (CBDT) issued a statement without naming the media organisation and said that I-T teams unearthed crucial evidences by way of statement of employees, digital proof and documents. Officials said the statement pertains to the British Broadcasting Corporation (BBC).
New Delhi, February 17: The income and profits shown by various BBC group entities are not commensurate with the scale of their operations in India, according to an official statement on Friday, a day after the Income Tax authorities ended a three-day-long survey against the British media organisation. BBC Under Income Tax Department's Scanner: I-T Officials Continue 'Surveys' at British Broadcasting Corporation's Offices in Delhi and Mumbai for Third Day.
The Central Board of Direct Taxes (CBDT) issued a statement without naming the media organisation and said that I-T teams unearthed crucial evidences by way of statement of employees, digital proof and documents. Officials said the statement pertains to the British Broadcasting Corporation (BBC). Income Tax Surveys at BBC Offices: IT Survey at British Broadcasting Corporation in Mumbai and Delhi 'assault on Press freedom', says NTK Chief Seeman.
According to the statement, several discrepancies and inconsistencies with regard to transfer pricing documentation were found during the survey.
The survey was launched on February 14 at BBC offices in Delhi and Mumbai and it ended after about 60 hours on Thursday night.