Indian Oil, Parsvnath, BSNL face tax demand

NEW DELHI: Recent surveys conducted by the income tax department have revealed that real estate developer Parsvnath allegedly failed to deposit over Rs 200-crore tax it had deducted with the government, while authorities have also raised questions over amounts deposited by public sector companies Indian Oil and BSNL.

Sources said Parsvnath’s alleged failure to deposit the amount and interest came to light during surveys conducted by tax authorities earlier this week. The realtor did not respond to a query sent by TOI on Tuesday.