Shravan Gupta Summoned For Tax Evasion

[email protected]27 Oct, 2021News

A Tis Hazari court on Friday summoned managing director of real estate major Emaar MGF Shravan Gupta as an accused after taking cognisance of the Income Tax department's complaint against him for allegedly not furnishing details of his foreign bank accounts. Additional Chief Metropolitan Magistrate Devendra Kumar Sharma has summoned Gupta on March 24. Gupta's name, along with others, has allegedly cropped up in the black money case. The Income Tax Department, in its complaint against Gupta, has alleged that he had not filed the income tax return of US $1.5 million for the financial year 2005-2006 and admitted to the same when questioned and confronted by the department about it.