I-T dept seeks explanation from DHFL

I-T dept seeks explanation from DHFL

New Delhi: The Income-Tax Department has sent notices to crisis-ridden NBFC, Dewan Housing Finance Corporation Ltd (DHFL), seeking its books of accounts and asked it to clarify the “unexplained transactions” which the firm has denied saying there is no reference to any “any suspicious transactions”.

Sources said the department’s Mumbai tax office has learnt of several “suspicious transactions” and asked DHFL to explain them. But, the company, in an exchange filing said, “The notice does not refer to any suspicious transactions. Apart from this, as per our knowledge there is no other price sensitive information under Regulation 30 of the

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 which could have bearing on the share price of the Company.” On Monday, DHFL disclosed to the exchanges that that the Income-Tax Department’s Investigation Wing had issued a notice to the company seeking information/evidence on certain aspects of the books of accounts. (IANS)

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