Rajasthan Royals again under Income Tax Scanner

The Income Tax (I-T) department has narrowed down its probe in the Indian Premier League (IPL) to three franchisees, Rajasthan Royals, Kolkata Knight Riders and Kings XI, after initial findings. The department has also written to tax authorities in Mauritius, Bahamas, Cayman and British Virgin Islands seeking details of companies registered there that have invested in these franchisees, as it suspects round-tripping of Indian funds. The probe is now being expanded with respect to these three franchisees and more information is being sought on source of funds from overseas tax jurisdictions.