Friday, February 6, 2009

Zee Owners Evade Tax

Zee Evades Income Tax! I hate this Country of ours! This country is ruled by Chors and run by Chors! and the Public are sleeping!!

IT Dept searches Zee-promoted realty company
Thursday, September 25, 2008 16:04 [IST]
New Delhi: Income Tax sleuths today searched the premises of a leading real estate company promoted by the Zee Group for alleged tax evasion. Income Tax Department sources said that the searches were initiated on the premises of Delhi-based Suncity Projects, promoted by Zee Group, Action Shoes and Odeon Builders. They said the searches were carried out in the official premises of the groups along with the residences of the promoters in Delhi, Himachal Pradesh, Haryana and Punjab. Income Tax officials said the Delhi residences of Lakshmi Goel and Jawahar Goel, brothers of Zee Group head Subash Chandra were also searched. Despite several attempts, Group Chairman Subash Chandra and his borthers Lakshmi and Jawahar Goel could not be contacted. Suncity Projects had announced plans to invest about Rs 6,000 crore over the next four years to construct SEZs and townships across the country. The company has formal approvals for an Information Technology SEZ in Haryana and two in- principle approvals for multi-product SEZs in Haryana and Rajasthan. The company has acquired 4,000 acres of land in different cities where it would be developing over 10 projects in all verticals such as housing, commercial, shopping mall, hotels, SEZs and townships. The group is developing six townships at Rohtak, Jaipur, Kaithal, Rewari and Indore of various size ranging between 100-500 acre.
Source : PTI

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