Steffen Kjaersgaard, a team-mate of Lance Armstrong's at US Postal from 2000-03, will not face sanctions, despite admitting to using performance-enhancing drugs, Norwegian anti-doping authorities said on Monday. The Norwegian admitted doping between 1998 and 2003 at a news conference last October, one day after the International Cycling Union (UCI) confirmed it would not appeal against the stripping of Armstrong's seven Tour de France titles.
However, Anti-Doping Norway said in a statement that an eight-year statute of limitations applied to Kjaersgaard's doping offences and as the last transgression took place in 2003, he would not face any further action.
"The decision was not difficult," Anti-Doping Norway disciplinary committee chief Anstein Gjendgedal told the Verdens Gang newspaper. "Everything that happened prior to 2005 is obsolete."
The 39-year-old renowned time-trialist retired from professional cycling in 2003 with Anti-Doping Norway saying they felt there was no reason to believe he had offended after quitting the sport....
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06:55 PM, Apr 08, 2013
Modified version of controversial General Anti Avoidance Rules (GAAR) provisions will come into effect from April 2016, Finance Minister P Chidambaram said on Thursday. A number of representations were received against GAAR provisions introduced in the last Budget. Following which the government had set up an expert committee under Parathasarthi Shome to give recommendations on the anti-avoidance tax proposals. ...
05:52 PM, Feb 28, 2013
India has deferred implementation of controversial rules on tax avoidance to April, 2016, Finance Minister P Chidambaram said on Monday. ...
01:22 PM, Jan 14, 2013
New Delhi: Amendments to GAAR, the controversial law against tax avoidance through foreign investments, have been finalised, Finance Minister P Chidambaram disclosed on Sunday. "I have finalised the amendments to the Chapter 10A of the Income Tax Act. Now it will go to the PMO and then we should be ready with the amendments and then the GAAR rules will reflect the amended Chapter 10A. "That is under preparation and...
01:27 PM, Nov 18, 2012
Mumbai: Prime Minister Manmohan Singh on Saturday said the government has dispelled the atmosphere of 'gloom and doom' and will soon announce steps to stave off investors' fears ensuing from taxations measures like anti-tax avoidance rule and retrospective tax amendments. "We have dispelled gloom and doom, improved the climate for foreign investment, improved ministry coordination, and are working hard to restore investor confidence and the growth environment," he told captains...
08:09 PM, Nov 10, 2012
London: Manchester United midfielder Shinji Kagawa picked up an injury during the first half of last night's 3-2 comeback win over Braga and he is due for tests on Wednesday to discover the extent of the problem. The Japan international was replaced at half time by Nani after he picked up the injury midway through the first half at Old Trafford. "Kagawa twisted his knee," said Manchester United manager Alex...
01:14 PM, Oct 24, 2012
Oslo: Norwegian cyclist Steffen Kjaergaard, who competed with the disgraced Lance Armstrong on the U.S. Postal Service team in the Tour de France in 2000 and 2001, admitted to doping on Tuesday. "When I was a part of the U.S Postal Service team, everything was organised by the team. I did not need to arrange for a doctor or do anything by myself," retired Kjaergaard told a news conference. "The...
06:28 PM, Oct 23, 2012
New Delhi: In a recommendation that could provide relief to firms like Vodafone, a Government-appointed committee on Tuesday favoured companies facing tax liability following retrospective amendment to the Income Tax Act should be exempted from payment of interest and penalty. "In all cases where demand of tax is raised on account of retrospective amendment relating to indirect transfer...no interest...should be charged in respect of that demand so that there is...
07:35 PM, Oct 09, 2012
New Delhi: The Income Tax department will come out with final guidelines by the end of October on implementation of General Anti Avoidance Rules (GAAR), Finance Minister P Chidambaram said in New Delhi on Monday. The guidelines will be based on the suggestions of the committee headed by tax expert Parthasarthi Shome who submitted the final report to the Minister earlier in the day. "I expect Stage 1-finalisation of our...
04:30 PM, Oct 01, 2012
New Delhi: The provisions of General Anti Tax Avoidance Rules (GAAR) should be 'intelligently' applied, said the Chairman of expert committee, Parthasarathi Shome, after submitting the draft report to Finance Ministry. "GAAR should be intelligently applied...some times there are areas of subjectivity so you limit them, truncate them and define them to the extend feasible," Shome told a private news channel. The committee, which was set up by Prime Minister...
08:21 PM, Sep 01, 2012
The provisions of General Anti Tax Avoidance Rules (GAAR) should be 'intelligently' applied, said the Chairman of Expert committee, Parthasarathi Shome, after submitting the draft report to the Finance Ministry. ...
07:19 PM, Sep 01, 2012
New Delhi: The Prime Minister-appointed Shome Committee on Saturday submitted its second draft General Anti Avoidance Rules (GAAR) recommendations to Finance Minister P Chidambaram, whereby he proposed delaying the implementation of GAAR by three years. The Committee, headed by Parthasarathi Shome, suggested abolishing Capital Gains Tax on listed securities and distinguishing tax mitigation from tax avoidance, among others. The panel in its report proposed that GAAR should apply from assessment...
04:18 PM, Sep 01, 2012
New Delhi: Prime Minister Manmohan Singh on Monday expanded the terms of reference of the GAAR committee by referring the issues relating to taxation of FIIs and portfolio investors to it with a view to provide greater clarity to them. "It is necessary to have clarity on the tax liability of portfolio investors and Foreign Institutional Investors (FIIs) as a result of this amendment (relating to GAAR), particularly, when the...
05:13 PM, Jul 30, 2012
New Delhi: In yet another move to provide clarity on taxation issues, Prime Minister Manmohan Singh on Monday set up a committee to look into such matters pertaining to IT sector and research and development related activities. The panel, headed by former Central Board of Direct Taxes (CBDT) chairman N Rangachary, will be in addition to the one set up to review the General Anti-Avoidance Rules (GAAR) provisions to address...
01:03 PM, Jul 30, 2012
In directing Kannada film 'Edegaarike' based on popular writer Agni Sridhar a portion of real life sketch, I was completely in 'Men's World' explains completely relieved Sumana Kitthur on completion of the film shooting. The film 'Edegaarike' picked from the days of Agni Sridhar and Muthappa Rai is delayed but the result is delectable opines the intelligent Sumana speaking to this correspondent. The film 'Edegaarike' had hiccups in the change...
11:16 PM, Jul 16, 2012
New Delhi: As the government seemed determined to go ahead with the controversial GAAR, BJP has said adequate safeguards needed to be put in place with regard to the new tax provision which has already created a scare among the foreign investors. BJP leader Yashwant Sinha alleged that the government had mishandled the GAAR (General Anti-Avoidance Rules), a measure to check tax evasion, which was proposed in the General Budget...
05:29 AM, Jul 16, 2012
New Delhi: Pranab Mukherjee, who proposed GAAR as Finance Minister in March, on Saturday said he had deferred its implementation for further discussions and that the Prime Minister's decision to set up a panel on the issue is continuation of the process. "GAAR, I also deferred it by one year for having further discussions. It (the new panel) can be treated as a continuing affair...," Mukherjee, the UPA's Presidential candidate,...
04:39 AM, Jul 15, 2012
New Delhi: The Government aims to finalise guidelines to implement controversial rules that target tax evasion by the end of September, its government said on Friday, as it aims to calm worried investors. The general anti-avoidance rules (GAAR), first introduced in the budget in March this year, target firms and investors routing investments through tax havens. But a lack of clarity on GAAR's implementation has panicked foreign investors, heightening their...
11:14 AM, Jul 14, 2012
