Top Story

e4m_logo.png

Home >> Media - TV >> Article

SITI Cable denies allegation of tax evasion

08-April-2015
Font Size   16
Share
SITI Cable denies allegation of tax evasion

SITI Cable has made the following announcement:

The Company has come to know from public sources regarding the alleged ex-parte order issued by the Delhi Government, directing SITI Cable Network Ltd. to deposit Rs 33.12 crore as outstanding entertainment tax including interest and penalty.

In this context, the company vehemently denies the allegation of tax evasion and would like to clarify that it has been depositing the entertainment tax regularly on the basis of collections. It has already challenged the vires of the Delhi Entertainment and Betting Tax Act, 1996 vide its Writ Petition being No. 427 of 2014 which is subjudice before the Hon’ble Delhi High Court.

Further, the company has not yet received any official communication/ notice about any such order being passed by the Entertainment Tax Department, Government of Delhi.

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

FoxyMoron has bagged the digital mandate for one of India’s leading premium menswear fashion brands – Blackberrys. The business was won following a multi-agency pitch

As 2017 almost comes to a close, Ashish Bhasin of DAN crystal gazes at who will win and who will lose in 2018

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends