Do you want to know about the most trending and interesting news of the current time? Every time when there is a trending news, behind that news there is a person whose name has grabbed everyone’s attention that’s why it became trending. So this time the most trending and popular name on the internet is “Veena Vijayan”. Her name is in the mouth of many people because recently she received Rs 1.72 crore from the CMRL in 3 years. Veena is the daughter of CM Pinarayi Vijayan. She received money as a monthly quota. To know everything about this interesting news read this whole article.
Pinarayi Vijayan Daughter Quota Allegation
The daughter of Chief Minister Pinaryai Vijayan, T Veena Vijayan has received Rs 1.72 crore from the private company name Cochin Minerals and Rutile Limited (CMRL) as a monthly installment in three years. As per the source, the New Delhi bench of the Income Tax interim settlement board said that the money has been given to her as a relationship with a prominent person. Veena runs a firm which is Exalogic Solutions. She had signed an agreement with the CMRL just to provide IT, software services, and marketing consultancy to the letter. Scroll down to know more about this topic.
According to the reports of investigation, it is revealed that till now there is not any services has been provided. The money was paid monthly in installments as per the contracts, told CMRL Managing Director S N Sasidharan Kartha to Income Tax Department. The income tax Department also revealed that Rs 1.72 crore was received by Exalogic and Veena from 2017 to 2020 which was an illegal transaction. there was a settlement done in front of Justices Rameshwar Singh, Amrapali Das, and M Jagadish Babu, they revealed that on the basis of evidence that all the money was paid for services not rendered. Continue reading.
The bank handled the transfer of funds. The Income Tax Act permits the payment of business expenditures. The Income Tax Department’s position that the funds paid to Veena and the business should be classified as an illicit transaction was adopted by the bench, nonetheless. The MD’s home and the houses of other important officials were searched by the Income Tax Department on January 25, 2019. Based on tax payment records from 2013–2014 to 2019–2020, searches were conducted. It was discovered during the searches that there had been significant tax fraud by inflating the company’s costs. On June 12, the board made a decision about a settlement request submitted by CMRL and Sasidharan Kartha in November 2020. Further information will be revealed soon on PKB news.
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Source: vtt.edu.vn