Tax department acted as per law in Café Coffee Day promoter Siddhartha case: sources
Bengaluru, Jul 30: The Income Tax Department has acted as per law in its probe against Cafe Coffee Day (CCD) promoter V G Siddhartha, official sources said on Tuesday, after a letter purportedly written by him accused tax authorities of harassment.
In the letter, Siddhartha, who has gone missing on his way to Mangaluru from Bengaluru in Karnataka, said there was a lot of harassment from the Income Tax Department in the form of attaching "our shares on two separate occasions to block our Mindtree deal and then taking position of our Coffee Day shares, although revised returns have been filed by us".
"This was very unfair and has led to a serious liquidity crunch," he said.
Refuting the charges, the sources said the provisional attachment made by the department was undertaken to protect the "interests of revenue" and was based on credible evidence gathered in the search or raid action.
"The department has acted as per provisions of the Income Tax Act," one of sources told PTI.
They said Siddhartha fetched Rs 3,200 crore from the sale of Mindtree shares, but paid only Rs 46 crore out of total Rs 300 crore minimum alternate tax (MAT) payable on the deal.
They claimed that the signature of Siddhartha on the letter being circulated on the social media under his name "does not match" with the record available with the department.
Siddhartha, the son-in-law of former Karnataka chief minister and BJP leader S M Krishna, was last seen near a bridge across the Netravati river in the Kotepura area in Dakshina Kannada district on Monday night. Authorities have launched a massive search for him.
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Kolhapur’s Saee Jadhav becomes first woman Territorial Army officer to pass out of IMA
Pune (PTI): Saee Jadhav from Maharashtra’s Kolhapur has become the first woman Territorial Army officer to complete pre-commissioning training at the Indian Military Academy (IMA), Dehradun, breaking the institution’s 93-year-old tradition of male-only officer training.
Chief Minister Devendra Fadnavis congratulated her and said her achievement is an inspiring milestone that gives direction to the dreams of countless young girls across the country.
Jadhav, 23, was commissioned as a Lieutenant during the Passing Out Parade of the 157th course held last week, marking a historic milestone for the IMA, which was established in 1932 and has since produced generations of Army officers.
She was commissioned into the services on December 13 during the commissioning ceremony at IMA, Dehradun.
Speaking to PTI, Saee’s father Sandip Jadhav, a serving major with the Territorial Army, said that Saee has been commissioned into the 130 Territorial Army (ecological ) battalion of Kumaon Regiment at Pithoragarh in Uttarakhand.
Saee is currently pursuing her MBA through distance learning, he said.
“While pursuing her MBA, she was also preparing for competitive exams and TA (Territorial Army). She appeared for the exam in December 2023. There was only one vacancy for a woman officer in TA and since her rank was at the top in merit, she was selected,” said Major Jadhav.
“She is now commissioned into 130 Infantry Battalion (TA) of Kumaon Regiment at Pithoragarh in Uttarakhand,” he said.
Jadhav said her daughter was inclined to join the armed forces, given the family’s armed forces background. “As parents, we feel proud that our daughter followed her dream and chose to serve the nation,” he added.
Maharashtra Chief Minister Devendra Fadnavis also congratulated “Marathi Mulgi” Saee.
“She has created history by becoming first woman officer cadet to pass out of IMA in 93 years… It is a matter of immense pride that this honour has gone to a Marathi Mulgi!,” he wrote in a post on X.
“This is not just an individual success story, but an inspiring milestone that gives direction to the dreams of countless young girls across the country. Educated and brought up in Belgaum and originally from Kolhapur, Sai represents the 4th generation of the Jadhav family to carry forward the legacy of service to the nation,” he added.
