Anil Ambani Tax Case

The Income Tax Department has issued him a show-cause notice for alleged tax evasion of Rs 420 crore.

The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.

The Income Tax Department has issued him a show-cause notice for alleged tax evasion of Rs 420 crore.

The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.