IT dept begins probing cos. which got 2G license

Monday, 15 November 2010, 14:58 IST
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New Delhi: In a development that could spell more trouble for embattled Telecom Minister A Raja, the Income Tax department has begun probe into charges of alleged bribing and possession of disproportionate assets against some of the new operators who were awarded licenses under the 2G spectrum deal and Telecom Ministry officials. The department has also begun an investigation into the tax returns of all the telecom operators who were granted 2G spectrum licenses to ascertain their registered profits and find discrepancies, if any, official sources said. The department, according to sources, will specifically look into the angle of tax evasion in the entire process of allotment of the 2G spectrum through under-stating profits and escalating losses to allegedly facilitate bribes and kickbacks.
Source: PTI
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