Nepal, May 8 -- The Department of Revenue Investigation (DRI) has filed a lawsuit against a construction company, demanding nearly Rs 1.2 billion in damages on charges of tax evasion.

The DRI filed a case worth Rs 1.2 billion at the High Court Patan against Dhruba Construction Pvt Ltd, which deals in contracts, consultancy services, and the buying and selling of construction materials. The DRI stated that it has demanded the recovery of Rs 1.209 billion from the company's director, Dhrubadev, along with imprisonment.

According to the DRI, it has determined a shortfall of Rs 458 million in value-added tax (VAT) and Rs 146.5 million in income tax. As per sub-section 1 of section 23 of the Act, it has demanded the recovery of this amount a...