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NEW DELHI, April 1 (Reuters) - India said it would not apply its strict tax evasion rules on foreign investments made before April 2017, easing concerns among global investors on Wednesday after a court order in a Tiger Global case raised fears of retrospective scrutiny. A landmark Supreme Court ruling in December said Tiger Global must pay taxes on its $1.6 billion sale of a stake in an Indian company in 2018. The judges said Tiger Global used its Mauritius units that were only "conduits", and ...Read More >
MUMBAI: The Economic Offences Wing (EOW) of Mumbai Police on Monday recorded a detailed five-hour statement from businessman Raj Kundra in connection with a ₹60-crore alleged fraud case implicating him and his actress wife, Shilpa Shetty. Police said preliminary investigations revealed that significant funds flowed from Kundra's company to Bollywood celebrities labelled as fees and other charges. "We recorded Kundra's preliminary statement where he claimed the payments were legitimate expenses ...Read More >
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