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DHFL falls nearly 6% on report of tax department notice

Shares of Dewan Housing Finance Ltd (DHFL) fell nearly 6% on reports of receiving notice from the Mumbai division of the Income Tax department. According to a CNBC-TV18 report, the income tax department sent a notice to DHFL under Section 131 of I-T Act to furnish books of accounts explaining certain suspicious transactions. Section 131 of the I-T Act empowers the income tax authorities to conduct inquiries. It provides powers to summon persons/witnesses, examine them under oath, compel production of books of account and documents, and issue commissions.

Read More at CNBC TV18 News date : 11 Feb 2019, Monday

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