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VG Siddhartha's I-T assessment will be based on his sworn statement

Tax authorities are planning to move ahead and complete the income tax assessment of V G Siddhartha, the Cafe Coffee Day founder who committed suicide, on the basis of his sworn statement in which he had allegedly admitted to “unaccounted income” of over Rs 658 crore. While dismissing any suggestions of putting pressure on Siddhartha, tax officers said the tax liability will devolve on companies and heirs of the stock broker who set up India’s most visible coffee chain. 


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