I-T dept serves questionnaires to KR Sports, Gameplan
The Income Tax (I-T) department has served questionnaires to Knight Riders Sports and celebrity management company Gameplan Sports on the basis of search operations on April 22.
The Income Tax (I-T) department has served questionnaires to Knight Riders (KR) Sports and celebrity management company Gameplan Sports on the basis of search operations on April 22.
Director General (Investigation) of I-T, East, Vinod Khurana said that representatives of both KR Sports and Gameplan had appeared before the IT sleuths during the day on the basis of notices issued to them.
He said while KR Sports was given time till next Monday, Gameplan would have to give the replies by Friday.
Asked whether the I-T sleuths had found any irregularities so far, Khurana said "let us get the replies first. If discrepancies are found at any point of time, then action will be taken as per the provisions of the I-T Act."
I-T officials would probe whether there was any tax evasions by the two entities in the transactions which they had entered into in course of the just-concluded IPL matches.