After SEBI, now Income Tax Appellate Tribunal rules against Prannoy Roy, Radhika Roy

Murali Krishnan June 21 2019
TDS

The Income Tax Appellate Tribunal (ITAT) has upheld the ruling of the Income Tax Department against NDTV promoters Prannoy Roy and Radhika Roy on the issue of tax evasion with respect to certain transactions in the securities market.

The order was passed by a Bench comprising Judicial Member Beena A Pillai and Accountant Member Prashant Maharishi.

Facts

The assessee, Radhika Roy, had filed a return of income on July 31, 2010 . . .

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