Nizam's family to protest over Rs 9 cr tax demand - Andhravilas - Telugu cinema news | Telugu cinema | Telugu Movies | Telugu cinema reviews | telugu movie reviews | Tollywood | Telugu Movies Gossips | Telugu Movie schedules | Telugu Cinema | Telugu Movies | India News | World News | Bollywood | Telugu Movie Songs | Gossips
Our Sites

Back to News Page


Nizam's family to protest over Rs 9 cr tax demand

Hyderabad, March 10 - Fed up with alleged harassment by the income tax department, members of the family of the erstwhile Nizam of Hyderabad are planning protests in Delhi during the budget session of parliament starting next week.

At the centre of the row is Rs.8.99 crore ($1.8 million) tax dues being demanded by the income tax department from 120 family members who were beneficiaries of the proceeds from the sale of the fabulous jewellery of seventh Nizam Mir Osman Ali Khan, said to be the richest man of his time.

The Indian government had acquired the jewellery for Rs.206 crore in 1995.

With their repeated representations, including one to Finance Minister Pranab Mukherjee, failing to yield results, the descendants of the seventh and last ruler of the erstwhile princely state of Hyderabad want to take the issue to the national capital.

"The way we are being tortured, it hurts me like anything. Now I am fed up with all their tricks. The parliament session is starting now. Let the people in Delhi see how the Nizam's family is being taken care of by the income tax department," the Nizam's grandson, Nawab Najaf Ali Khan, told IANS.

While the department continues to send notices for Rs.8.99 crore, the Nizam's family members claim they have paid all the taxes till 1995 and are ready for reconciliation in case there are any arrears. They, however, reject the figure of Rs.8.99 crore as inflated.

"Fifteen years have passed. Will this litigation go on lifelong?" asked Najaf, who is president of the Nizam Family Welfare Association.

"It is a deliberate attempt not to give a refund to the family. If you set the house in order, the matter can be solved in one day," he said.

Giving a detailed account of the dispute, he said the tax department raised a total demand of Rs.30.50 crore towards income tax and wealth tax in 1995. The family paid Rs.15.45 crore as arrears for 1992-93 and another Rs.15.05 crore was kept as a lien under the department in a bank.

The IT department released refunds of Rs.4.39 crore to the family in 2004 and another Rs.66 lakh in 2006. This left Rs.8.66 crore in the bank, which remains under lien pending final settlement.

It was in 2006 that the department sent a notice demanding Rs.8.99 crore tax arrears.

"My question is simple. Why did you release the amount (from the lien) when there were tax arrears?" asked Najaf.

Terming the tax demand as inflated, the family moved the Andhra Pradesh High Court, which directed in August 2006 that all matters relating to the case be resolved in eight weeks.

"Initially they (the department) started reconciliation in five cases in which they had shown tax arrears in the court but they ended up paying refund in three of these cases and hence stopped the process," claimed Najaf.

The family has once again dragged the tax department to the high court by filing a contempt of court petition as court orders were not implemented even after five and a half years.

Najaf claims even his meeting with the finance minister himself in August 2010 failed to yield any results as the income tax authorities never sent a report to the Central Board of Direct Taxes (CBDT) as directed by Mukherjee.

Najaf, 47, said most of the family members are elderly people, suffering from various ailments. "Some are in a distressed condition and don't even have money for their livelihood," he said.

"We don't want any favour from the income tax department or help from anybody. We only want the law to be made applicable so that justice is done to us," adds the scion of the royal family.

The seventh Nizam had 16 sons and 18 daughters, and of them two sons and three daughters are still alive. There are a total of 104 grandchildren.

(Mohammed Shafeeq can be contacted at


More News....
Previous Page 2 of 8 Next

- Indian equities trading flat after record highs
- Profitable biz model, a must for e-commerce firms: PwC Director
- ReGen Powertech to launch over 2 MW wind turbine
- Indian founded firm buys out Ghanaian company
- Company board decisions to be shared within 15 minutes: SEBI
- Arvind to e-retail custom clothing brands (Lead, changing dateline)
- Taiwan-based AOU keen to set up operations in Andhra
- Service sector lifts India's sagging tax revenues
- Diesel can be market-priced by September as crude goes under $100 (Roundup)
- CII-DGR MoU is correct and historic step, says Arun Jaitley
- FIIs buy Rs.1,183.12 crore in local equity markets
- Highways passing through a bad phase: Gadkari
- Indian insurers allowed to invest in IFCA's $5 bn rupee bonds
- Dubai hopes to attract more tourists with new visa system
- Airtel, IFC ink $1-mn deal for mobile financial services in Zambia
- Arvind forays into e-commerce space
- TN spinning mills group gearing up for fight in apex court
- India 5th in wind power generation with 1,700 MW added in 2013
- On a day of record highs, gainers outshine laggards
- Good days ahead for e-tailing, Delhi MP assures help
- Delhi's anti-graft wing can't probe gas price issue: Prosecution
- Sensex, Nifty touch record highs (Roundup)
- Ford India sells 100,000 units of EcoSport
- Sensex, Nifty touch record highs; auto stocks shine
- Indian e-commerce may spend $500-1,000 mn on infra, logistics: Study

Previous Page 2 of 8 Next

Telugu Movies Photo Gallery
Kick 2 Movie Opening Photos
Sunil New Movie Opening
Ragini Dwivedi Hot Photos
Rabhasa Movie Stills
Kushi Mukherjee Hot Photos
Director Seeman Press Meet
Nee Jathaga Nenundali Platinum Disc
Tamil Movies Photo Gallery
Anandha Mazhai Movie Audio Launch
Anandha Mazhai Movie Stills
Kabadam Movie Team Meet
Kabadam Movie Stills
Kaaviya Thalaivan Movie New Stills
Angano Rao
Anaika Soti Gallery
Anaika Stills
Yuddanapudi Telugu Serials
Pelli Pillalu Jeevitham
Jeevana Satyalu

Site Designed & Developed by |ęCopyrights reserved