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| Exchange Disseminated Time 14/07/2016 09:19:47 | With reference to the news in CNBC TV18 "IT officials search India bulls offices across the country, IT official search offices of Indiabulls promoters", Indiabulls Ventures Ltd has further Clarified to BSE as under:
"The Income Tax Department came to some of our offices to check our books in the normal course. We have extended all assistance and provided all desired information to the team of officials.
During the last year, the Indiabulls Group has paid an aggregate of Rs. 782 Cr as income tax and Rs. 372 Cr as service tax to the department.
At Indiabulls Group, we follow the ethical and legal standards of the highest order in all our businesses and have robust institutional measures to monitor as well as implement corporate governance of the highest standards. We are confident that these on-the-spot checks, in the normal course will vindicate the same." |
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