New Delhi: The Income Tax department has slapped three notices under the foreign black money law against diamond trader Nirav Modi, involved in Rs 14,000 crore PNB fraud case, for allegedly holding illegal assets abroad.
IT department slaps 3 tax notices on Nirav Modi
"Three notices u/s 10(1) of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, issued against Nirav Modi," the Revenue Department said in an action taken report to the Standing Committee on Finance. An arrest warrant has been issued against Modi.
The department has also attached 173 paintings and artworks and filed four prosecution cases against Modi.