The Comptroller and Auditor General (CAG) of India, in a report released on Monday, claimed that a company of the country's trusted Tata Group underreported its gross revenue between 2006-07 and 2017-18, During the period, he had to pay less by about Rs 645 crore towards license fee and the government lost this amount of money.
The name of the Tata Group company on which the CAG has made these allegations is Tata Communications Limited. The CAG has said in its report that this amount should be recovered from TCL.
The CAG has observed that an audit of the Profit and Loss Statement and Balance Sheet of TCL during the period 2006-07 to 2017-18 reveals that the gross revenue of the company during this period was Rs.13252.81 crore.
Due to this the company had to pay Rs 950.25 crore as a levy but paid less than the company. According to the CAG report, the DoT received only Rs 305.25 crore as a license fee from the company.
The report said that the license fee sought by DoT from TCL was Rs 645 crore less than what it should have asked for. According to the CAG, this amount should be recovered from Tata.
India-Maldives Row: China spewed venom in Maldives issue, said- India should adopt liberal attitude
China did not like other countries joining India in the dispute with Maldives. China's official n
The Champions Trophy has concluded and the Indian players have returned home after winning the ti
The World Health Organization (WHO) has asked all countries to share information related to the o
South Africa's fast-bowling injury crisis has deepened on the eve of the three-match ODI series a
After the huge loss of life and property due to the landslide in Wayanad, Kerala, amid relief and
India has responded to Canada in its language in the ongoing diplomatic dispute between India and
A major accident occurred in Baltimore City Maryland state of America. Here, the three-kilometer-
There has been a ruckus in Pakistan after the arrest of Imran Khan. Imran's supporters are protes
IndiGo flight from Chennai to Mumbai received a bomb threat message. The flight landed safely in
In Solapur, Maharashtra, 7 devotees were killed and several others were injured after they were h
