Telecom firms under-reporting revenue worth Rs10,800 cr: Jaitley
12 Dec 2014
The union government has served show-cause notices to several telecom firms for alleged under-reporting of revenues of over Rs10,800 crore up to November 2012, finance minister Arun Jaitley told the Lok Sabha today.
"We have served notices for claims of Rs10,826.69 crore to different telecom companies for under-reporting of revenues till November 2012," Jaitley said in a reply during question hour.
He added that most of the companies concerned have approached the Telecom Disputes Settlement Appellate Tribunal (TDSAT) and the courts against the government notices for claims of under-reporting and the tribunal and courts gave stay orders.
The finance minister refuted claims by Aam Admi Party member Bhagwant Mann that no case of under-reporting of revenue was registered by the government, saying it was the Department of Telecommunications that dealt with such cases and not the Securities Exchange Board of India.
Many cases of under-reporting of revenues were registered by the DoT, he said.
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