Income Tax Investigation

All you want to know about Digital Evidence

Income Tax - Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Chapter 1 Introduction & Background 1.1. Introduction One of the most significant and influential inventions of 20th century was the Computer. There has been a sea change in the purposes and the manner in which computers are used with advent of mic...

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RTI Act – Income Tax Department determined to deny information – fails in second Appeal

Income Tax - JUST a week ago, we carried a story and case where a Single Bench of the Delhi High Court had taken serious note of the lackadaisical approach of the Department in releasing the information. The High Court had directed the department to furnish the information within two weeks....

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I-T Dept initiates Project Insight for effective information utilization

Income Tax - In the last decade, the Income Tax Department embarked on an ambitious computerization plan which developed voluminous databases of IT returns, IT forms, TDS/TCS statements, Annual Information Return (AIR) etc. The large volumes of data necessitated development of a comprehensive platform for effective utilization of information....

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Income tax department asked six month record of telephone calls from IPL offices

Income Tax - The investigation wing of the Income Tax Department has sought call detail records (CDRs) of the last six months of a landline number at the IPL office as it feels that the entries could throw more light on Lalit Modi's association with the promoters of franchises - new and old....

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Beware of fraud email related to Income Tax refund

Income Tax - Nowadays I am receiving one or more email daily with subject 'Tax Refund Notification'. With mail I receive a attached form in which they ask bank account details. This is the trap Once you enter your bank account detail which includes your username and password the same get stored in the database of the person sending fraud emails. Aft...

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CBDT to cross-verify all high value refunds this fiscal

Income Tax - Bank Accounts, Beneficiaries and Some Scamsters Involved in Income tax Refund Fraud in Mumbai Identified. The Central Board of Direct Taxes (CBDT) has stated that an officer in the Income Tax department, Mumbai noticed on or about 12th January, 2010 that refunds had been issued from his jurisdiction without his knowledge or approval of hi...

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Income tax department seized Rs 7.5 crore from Weight loss doctor

Income Tax - In one of the largest seizures of cash in an income-tax raid on an individual, the department on Tuesday recovered Rs 7.5 crore from the premises of a reputed nutritionist based in Vile Parle. Nutritionist Sarita Davare is known to have helped several high-profile Bollywood personalities , including Farah Khan, Sonu Niigaam and Hariharan,...

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ACIT or DDIT can act as AO of an assessee only when they are conferred with such jurisdiction by CBDT

Rajeev Mewara Vs Income-tax Officer (ITAT Indore Bench) - From the above provision, it is clear that the authorities mentioned in the definition of AO in section 2(7A) of the Income-tax Act, 1961, must be assigned the jurisdiction to any authorities mentioned in the definition by the CBDT under the provisions of section 120 of the Income-tax Act, 1961, to ...

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CBDT Press Release on I-T refund fraud in Mumbai

No.402/92/2006-MC (05 of 2010) - (25/01/2010) - On or about 12th January 2010, an officer in the Income Tax department, Mumbai, noticed that refunds had been issued from his jurisdiction without his knowledge or approval of his higher authorities. He immediately brought the matter to the notice of his superior officers. 2. On internal inquiry by ...

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Section 132 of the Income-tax Act, 1961 – Search & seizure – Empowerment of authorities

Notification No. 82/2009 - Income Tax - (11/11/2009) - Notification No. 82/2009 - Income Tax In exercise of the powers conferred by the fourth proviso to sub-section (1) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby empowers all the Additional Directors of Income-tax and Joint Directors of Income-tax ...

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Notification No. 47/2009 – Income Tax Dated 1/6/2009

Notification No. 47/2009 - Income Tax - (01/06/2009) - Notification No. 47/2009 - Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Ministry of Finance ...

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Recent Posts in "Income Tax Investigation"

I-T Dept initiates Project Insight for effective information utilization

In the last decade, the Income Tax Department embarked on an ambitious computerization plan which developed voluminous databases of IT returns, IT forms, TDS/TCS statements, Annual Information Return (AIR) etc. The large volumes of data necessitated development of a comprehensive platform for effective utilization of information....

Read More
Posted Under: Income Tax |

All you want to know about Digital Evidence

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Chapter 1 Introduction & Background 1.1. Introduction One of the most significant and influential inventions of 20th century was the Computer. There has been a sea change in the purposes and the manner in which computers are used with advent of mic...

Read More

Income tax department asked six month record of telephone calls from IPL offices

The investigation wing of the Income Tax Department has sought call detail records (CDRs) of the last six months of a landline number at the IPL office as it feels that the entries could throw more light on Lalit Modi's association with the promoters of franchises - new and old....

Read More
Posted Under: Income Tax |

Beware of fraud email related to Income Tax refund

Nowadays I am receiving one or more email daily with subject 'Tax Refund Notification'. With mail I receive a attached form in which they ask bank account details. This is the trap Once you enter your bank account detail which includes your username and password the same get stored in the database of the person sending fraud emails. Aft...

Read More
Posted Under: Income Tax |

CBDT Press Release on I-T refund fraud in Mumbai

No.402/92/2006-MC (05 of 2010) (25/01/2010)

On or about 12th January 2010, an officer in the Income Tax department, Mumbai, noticed that refunds had been issued from his jurisdiction without his knowledge or approval of his higher authorities. He immediately brought the matter to the notice of his superior officers. 2. On internal inquiry by the Income Tax department, it was found ...

Read More

CBDT to cross-verify all high value refunds this fiscal

Bank Accounts, Beneficiaries and Some Scamsters Involved in Income tax Refund Fraud in Mumbai Identified. The Central Board of Direct Taxes (CBDT) has stated that an officer in the Income Tax department, Mumbai noticed on or about 12th January, 2010 that refunds had been issued from his jurisdiction without his knowledge or approval of hi...

Read More
Posted Under: Income Tax |

Income tax department seized Rs 7.5 crore from Weight loss doctor

In one of the largest seizures of cash in an income-tax raid on an individual, the department on Tuesday recovered Rs 7.5 crore from the premises of a reputed nutritionist based in Vile Parle. Nutritionist Sarita Davare is known to have helped several high-profile Bollywood personalities , including Farah Khan, Sonu Niigaam and Hariharan,...

Read More
Posted Under: Income Tax |

ACIT or DDIT can act as AO of an assessee only when they are conferred with such jurisdiction by CBDT

Rajeev Mewara Vs Income-tax Officer (ITAT Indore Bench)

From the above provision, it is clear that the authorities mentioned in the definition of AO in section 2(7A) of the Income-tax Act, 1961, must be assigned the jurisdiction to any authorities mentioned in the definition by the CBDT under the provisions of section 120 of the Income-tax Act, 1961, to act as an Assessing Officer. Only in tha...

Read More

Section 132 of the Income-tax Act, 1961 – Search & seizure – Empowerment of authorities

Notification No. 82/2009 - Income Tax (11/11/2009)

Notification No. 82/2009 - Income Tax In exercise of the powers conferred by the fourth proviso to sub-section (1) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby empowers all the Additional Directors of Income-tax and Joint Directors of Income-tax working under the Director General of In...

Read More

Notification No. 47/2009 – Income Tax Dated 1/6/2009

Notification No. 47/2009 - Income Tax (01/06/2009)

Notification No. 47/2009 - Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board o...

Read More
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