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Dubious Cash Transitions in JK Under IT Dept Scanner

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Dubious Cash Transitions in JK Under IT Dept Scanner www.thenorthlines.com www.epaper.northlines.com Volthe No: XXI|Issue No. 300northlines | 20.12.2016 (Tuesday) |Daily | Price ` 2/-| Jammu Tawi | Pages-12 |Regd. No. JK|306|2014-16 Justice Khehar Yet another curb on old note Dubious cash transitions in appointed CJI deposits exceeding Rs 5,000 NL CORRESPONDENT JK under IT Dept scanner NEW DELHI, DEC 19 The Reserve Bank on 'Action against tax defaulters after Dec 31' Monday imposed stiff restrictions on depositing NL CORRESPONDENT who are suspected of more than Rs 5,000 in the SRINAGAR, DEC 19 facilitating bulk and improper exchange of old scrapped Rs 500 and Rs The Income Tax department currency notes with large 1,000 notes, mandating that Monday said that they are quantities of new currency it could be deposited only closely watching the notes. Officials are also once per account till doubtful cash transitions in aware of some sort of nexus December 30, that too after "It has been decided to only once per account till NL CORRESPONDENT Jammu and Kashmir and being run in Jammu and explaining to bank officials NEW DELHI, DEC 19 place certain restrictions on Dec 30 that many people are under Srinagar for exchanging old the reasons for not having deposits of SBNs into bank - After showing reasons for scanner, against whom the currency with news done that so far. Justice Jagdish Singh accounts while encouraging not doing so earlier details are being collected. currency on 10-15 per cent Stipulating that restrictive Khehar, the second senior the deposits of the same - After questioning on "We have decided to take commission in the market conditions would also apply against whom the details be taken against them as per most judge of the Supreme under the Taxation and record, in the presence of at action against tax defaulters also. on the cumulative deposit Investment Regime for the least 2 bank officials and are being collected," one of the law. Sources said that Court, has been appointed in Jammu and Kashmir He said that there are of such notes in a single the top officials of the Income Tax Department and Pradhan Mantri Garib after receiving a satisfactory after December 31 once the Chief Justice of India (CJI). account when it exceeded Income tax department told. some Agencies are also reports that doubtful cash Kalyan Yojana, 2016," the explanation. process for depositing old He will be the first Sikh to Rs 5,000, the RBI said The officials said that I-T keeping vigil on the roles of deposits have been made in RBI said in a notification. Use of junked Rs 500 and notes of Rs 500 and 1000 in occupy the high defunct currency up to any department will know the some bank officials in the Jammu and Kashmir Latest on demonetisation Rs 1,000 notes allowed till bank accounts gets constitutional office. He amount could be deposited exact number of tax Jammu, Srinagar, Anantnag after8th November when Defunct notes over Rs Dec 30 for paying tax on completed. There are many the demonetization was will take over as the 44th under the new black money 5,000: disclosures made under the defaulters after December and Baramulla and in some CJI on P2 people under scanner 31 after which action will other districts of the state announced P2 amnesty PMGKY scheme. - Can now be deposited tax evasion P2 Bus runs over two Keep power purchases within Moderate quake jolts cops in Doda budget: Advisory Panel to PDD Doda, no damage reported NL CORRESPONDENT identified as Satish Kumar people on Monday. NL CORRESPONDENT Electricity Regularity PDD. The power liabilities DODA, DEC 19 (40) son of Sundar Lal of The quake measuring 3.7 on SRINAGAR, DEC 19 Commission where they of Jammu and Kashmir have Saheja-Doda and Raj the Richter scale struck at have suggested that power gone upto hundreds of Two police constables were Kumar. They were posted as 6:31 AM, and was the With the government purchase should be crores and has been critically injured when they cook in Superintendent- second such tremor in over a were struck and ran over by Headquarters, Doda. claiming that rising restricted to the earmarked increasing with each passing fortnight, Met officials said. a passenger bus in "Due to critical condition of liabilities of Power budget and said PDD should month. The epicentre of the quake mountainous district Doda Satish Kumar, the doctors Development Department increase in tariff marginally An official of PDD said the was 7 km south east of on Monday. have referred him to (PDD) in Jammu and every year to recover at least increasing liability was Bhadarwah, the officials A senior police officer said, Government Medical Kashmir was because of the incremental cost rather because of the shortfall in said. "The two policemen posted College (GMC) Hospital, power thefts in the state, the than increasing the tariff in revenue generation on The tremor was also felt in State Advisory Committee one go at a later stage which account of collection of in Doda Police Line and Jammu for improved NL CORRESPONDENT moderate and low intensity adjoining areas of they were returning home treatment. Another injured on power has said that may result in tariff shock to power tariffs against the DODA, DEC 19 tremors. Bhaderwah valley, including after duty when the accident cop is admitted in district widening gap in purchasing the consumers. power purchases. "The A moderate intensity parts of Doda, Bhalessa and happened. Driver and hospital, Doda and his and revenue generation of The members of the SAC PDD has failed to meet its A group of US scientists earthquake shook Matmat. Panic-stricken Conductor were under the condition is stable." the power may lead to believed that the widening target of revenue collection published last year predicted Bhaderwah valley and parts people rushed out of their influence of alcohol and officer added. deterioration in the services gap in power purchase and from the consumers. There that there is a possibility of of Doda and Bhalessa in homes in some areas of the struck many other vehicles He further added, "The of the department. revenue generation may also is a widening gap between major earthquake in J&K. Jammu and Kashmir's Doda picturesque valley in the as well." driver and conductor were The members of SAC have result in deterioration in the power purchase bill and Chenab valley has been district this morning, early morning cold. The injured cops were escaped P2 submitted a report to State services provided by the revenue P2 routinely experiencing triggering panic among "We have P2 Massive hunt against Night Vision Device Banks can't turn away customers Governor assents to the Army convoy attackers recovered in Samba depositing pre-2005 notes: RBI Panchayati Raj (Amendment) Bill NL CORRESPONDENT With effect from SRINAGR, DEC 19 MUMBAI, DEC 19 November 9, 2016, NL CORRESPONDENT cross-border tunnels used by banknotes of Rs 500 and NL CORRESPONDENT shall lose resource SAMBA, DEC 19 JAMMU TAWI, DEC 19 Security Forces (SFs) have launched a massive terrorists to enter the Indian Banks can't turn away Rs 1,000 were delegalised support of Rs. 3096 manhunt, on December 18, against militants of territory and defuse improvised customers depositing pre- by the Government with crore during the 14th Governor N.N. Vohra Lashkar-e-Toiba (LeT) responsible for attack 3 terrorists had infiltrated into explosive devices (IEDs). 2005 currency notes, the aim to discourage Finance Commission has given his assent to on an Army convoy at Kadalbal in Pampore India via a tunnel along the IB in Three terrorists had infiltrated including the junked 500 black money hoarders as Award period in the the Jammu and Kashmir event of non-conduct of area on National Highway yesterday Chamliyal of Ramgarh sector on into India via a tunnel along the and 1,000 rupee bills, the well as to bring a Panchayati Raj Panchayat elections. (December 17) in which three Army personnel Nov 29, but were killed by BSF. IB in Chamliyal of Ramgarh Reserve Bank said today. majority of the (Amendment) Bill, 2016. It may be recalled that were killed and two others injured, reports The operation by BSF was sector on November 29, but were In a clarification, the RBI unaccounted money into A Raj Bhavan the Governor, in recent Daily Excelsior. Army assisted by Jammu and carried out to locate and secure killed by Border Security Forces said these specified bank the formal channel of spokesperson added that meetings with the Chief Kashmir (J&K) Police and Central Reserve cross-border tunnels used by in an encounter. notes (SBNs) would also banking. it was imperative to hold Minister, has been Police Force (CRPF) P2 terrorists to enter the Indian "The area along IB where the include pre-2005 Public in general can early elections to the pressing for the very territory and defuse improvised militants had entered and banknotes in the exchange the pre-2005 Panchayats, keeping in early conduct of Leh records coldest night explosive devices. (Photo: encounter took place was denominations of Rs 500 notes in their possession view the crucial elections to both the Representational Image) ploughed to find any tunnel or and Rs 1,000. at Ahmedabad, importance of urban and rural self- of season at -13.8°C The operation by BSF was IED or grenades in Chamliyal "Banks should accept Bengaluru, Belapur, establishing the three governing bodies. The carried out to locate and secure area," a senior BSF officer said. deposits of pre-2005 Bhopal, Bhubaneswar, tiered framework of Panchayat elections are LEH, DEC 19 cross-border tunnels used by The step was taken to dismantle banknotes in the Chandigarh, Chennai, Panchayati Raj now envisaged to be terrorists to enter the Indian tunnels, and defuse IEDs and denominations of Rs 500 Guwahati, Hyderabad, Institutions in the State held by March 2017.
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