Team Anna's Shanti Bhushan found guilty of evading 1.3 crores of property taxes
Shanti Bhushan, former Law Minister and a frontliner in the India Against Corruption campaign, has been found guilty of evading taxes worth Rs. 1.3 crore. He will also be fined Rs. 27 lakhs. The case relates to stamp duty that Mr Bhushan was required to pay after he bought a home in the Civil Lines area of Allahabad in 1965. Documents about the transaction said the house located in the heart of Alalhabad - was sold for a lakh. Mr Bhushan had paid a stamp duty of Rs. 45,000. The family that sold the house to the Bhushans admitted that after an initial dispute over the sale, the case was settled amicably.
