Tightening the knuckles of defaulters of income tax evasion, the Income Tax (I-T) department is likely to include eight other related firms for its investigation into the possible tax evasion by Satyam.
Meanwhile, the department is planning to consolidate its investigation of all the companies (Satyam and related companies) under one investigating officer for better coordination.
It further holds if there is a prima facie case that Satyam has evaded taxes by siphoning off funds to other related companies and by claiming higher exemptions through inflated export income, the department may reassess the income tax liability of the company for the last six years.
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