The Income Tax department on Thursday morning continued its ‘survey’ at various offices operated by the British Broadcasting Company (BBC) in Mumbai and Delhi for the third consecutive day, news agency PTI reported. Since Tuesday, the I-T department has been carrying out a ‘survey’ to probe issues related to international taxation and transfer pricing of BBC subsidiary companies. Authorities told PTI the exercise would continue for some more time, adding that the “exact time frame to call the operation closed rests entirely on the teams on the ground”. Opposition parties have accused the Centre of carrying out “political vendetta” through the I-T department. “Tax cases involving transfer pricing rules and diversion of profits typically involve undertaking assessments by an assessing officer and issuance of a notice before undertaking any survey/search action.

Source: Indian Express February 16, 2023 07:35 UTC