The Income Tax Department on Thursday informed the Supreme Court that it had issued orders for centralised assessment of group companies involved in 2G scam.
In its status report submitted before a Bench of Justices G.S. Singhvi and A.K. Ganguly, the department said it was looking into the sources of income, payments received, details of purchase of infrastructure and source of funds of Etisalat, Videocon Telecom Limited, Uninor and Loop Telecom from 2008.
The report gave the sequence of the transactions of these firms and said notices had already been issued to them and others connected with the companies involved in the scam.
The department was looking into the aspect of tax evasion by these companies and for this, orders for centralised assessment of group companies had been issued. The department agreed to submit at the next hearing the progress of the probe.
