Published On : Fri, Apr 3rd, 2020

NDTV wins ‘money-laundering’ case

The Supreme Court has today ruled in favour of NDTV in a tax case which accused the company of money-laundering while raising funds abroad in 2007 for its non-news businesses.

The Supreme Court has refused to allow the Revenue Department to reopen an assessment that was decided years ago.

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Tax officials had sought this in 2015 alleging that NDTV had concealed facts and round-tripped money. The court today has disallowed that.

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