Income Tax Raid

Income Tax raid and Rights of an Assessee During the Raid

Income Tax - An income tax raid is an operation of search and seizure which is conducted by the income tax department on the business or residential premises of taxpayers with an objective to reveal all the undisclosed income of the assesses. This is one of the most important powers given to the Income Tax Department whereby the […]...

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क्या चीनी मोबाइल कंपनियों पर आयकर रेड साबित हुई असफल?

Income Tax - पिछली 21 दिसंबर 21 को देश में 25 से ज्यादा शहरों और लगभग 11 राज्यों में अबतक की सबसे बड़ी आयकर रेड चीनी मोबाइल कंपनियां जि़ओमी, ओप्पो और व...

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Income Tax Search cannot be authorised based on documents received Post Search

Income Tax - Post Income Tax Search and Seizure findings of incriminating material and undisclosed income cannot be pressed for supporting the authorization of an Income Tax Search- A Study. Introduction: Authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the condit...

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आयकर छापों से बचने के लिए बरतें ये सावधानियां

Income Tax - आयकर छापों के पीछे मुख्यतः 5 तरह के लेनदेन: पिछले चार- पांच बड़े आयकर छापों की बात करें तो हम पाऐंगे कि लगभग एक तरह के लेनदेन द्वारा क...

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Raid Under Income Tax Act, 1961

Income Tax - In this article, you will get insights on Raids conducted by Income Tax Department. In India, Raid is a deadly situation for any assessee/person as it leads to lawful possession of all his assets, property, money etc. by Income Tax Authorities when he fails to produce the sufficient reason for owning the same. Provisions Governing [&helli...

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Income Tax Dept searches prominent business houses of Gujarat

Income Tax - Income Tax Department carried out a search and seizure operation on 08.09.2021 on a group based in Ahmedabad. The group is among one of the prominent business houses of Gujarat engaged primarily in the media and real estate sectors....

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Income Tax searches in Delhi, Gujarat and Dadra

Income Tax - The Income Tax Department carried out a search and seizure operation on 01.09.2021 on a manufacturer and distributor of synthetic yarns and polyester chips having corporate office in Delhi and factories at Dadra & Nagar Haveli and Dahej....

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I-T searches in Maharashtra & Goa reveals Fake ITC & Bogus Purchases

Income Tax - The Income Tax Department carried out a search and seizure operation on 25.08.2021 on a group based in Maharashtra and Goa. The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa. More than 44 premises were covered in the search operation....

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Income Tax Department conducts searches in Visakhapatnam

Income Tax - The Income Tax Department carried out search and seizure operation on 25.08.2021 on a group based in Visakhapatnam at 17 different premises across Andhra Pradesh, Chhattisgarh, Nagpur and Kolkata. The group entities are engaged in extraction of vegetable oils, mining of manganese ore, and manufacturing of ferro alloys....

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Income Tax Department conducts searches in Rajkot

Income Tax - The Income Tax Department carried out a search and seizure operation on 24.08.2021 on a group based in Rajkot. The group is among Gujarat’s prominent real estate builders & developers and is actively engaged in real estate, construction and land trading businesses in and around Rajkot. More than 40 premises were covered in the operation...

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Income tax raid on IAS officer for non allotment of House to DIT (I) is invalid

Rajesh Rajora Vs Union of India (Madhya Pradesh High Court) - In the present case, in September 2007 the search was carried out in the premises of Dr. Yogi Raj Sharma. The document Annexure RJ-1 was seized by the respondents. At the relevant time petitioner no. 1 was the Chief Health Secretary and this fact was within the knowledge...

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Income Tax Department searches at Chennai based IT Infra group

Release ID: 1670941 - (07/11/2020) - The Income Tax Department has carried out searches at 5 locations in Chennai and Madurai on 4.11.2020 in the case of a Chennai based group operating in IT Infra sector....

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Income Tax Department conducts searches in Kerala

Release ID: 1670628 - (06/11/2020) - The Income Tax Department has carried out search and seizure operations on 05.11.2020 in the case of a well-known self-styled evangelist of Thiruvalla in Kerala and his group of various trusts that enjoy exemption under the Income-tax Act, 1961 as charitable/religious trusts....

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Income Tax Department conducts searches in West Bengal

Release ID: 1670627 - (06/11/2020) - The Income Tax Department has carried out searches on 05/11/2020 in the case of one prominent coal trader of West Bengal having premises in Raniganj, Asansol, Purulia and Kolkata. The searches were based on intelligence gathered, which indicated that large scale unaccounted cash was being generate...

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No increase in Income Tax raid and survey in current Financial Year – Govt

PRESS NOTE 402/92/2006-MC (32 OF 2011) - (22/12/2011) - It is informed that under the Income Tax Act, search and seizure is conducted on the basis of specific and credible information regarding tax evasion, and after conducting necessary verification. Information technology tools, such as CASS and ITDMS, have been developed and are being extensively util...

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Recent Posts in "Income Tax Raid"

Income Tax raid and Rights of an Assessee During the Raid

An income tax raid is an operation of search and seizure which is conducted by the income tax department on the business or residential premises of taxpayers with an objective to reveal all the undisclosed income of the assesses. This is one of the most important powers given to the Income Tax Department whereby the […]...

Read More
Posted Under: Income Tax |

क्या चीनी मोबाइल कंपनियों पर आयकर रेड साबित हुई असफल?

पिछली 21 दिसंबर 21 को देश में 25 से ज्यादा शहरों और लगभग 11 राज्यों में अबतक की सबसे बड़ी आयकर रेड चीनी मोबाइल कंपनियां जि़ओमी, ओप्पो और व...

Read More
Posted Under: Income Tax |

Income Tax Search cannot be authorised based on documents received Post Search

Post Income Tax Search and Seizure findings of incriminating material and undisclosed income cannot be pressed for supporting the authorization of an Income Tax Search- A Study. Introduction: Authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the condit...

Read More
Posted Under: Income Tax |

आयकर छापों से बचने के लिए बरतें ये सावधानियां

आयकर छापों के पीछे मुख्यतः 5 तरह के लेनदेन: पिछले चार- पांच बड़े आयकर छापों की बात करें तो हम पाऐंगे कि लगभग एक तरह के लेनदेन द्वारा क...

Read More
Posted Under: Income Tax |

Income Tax Dept searches prominent business houses of Gujarat

Income Tax Department carried out a search and seizure operation on 08.09.2021 on a group based in Ahmedabad. The group is among one of the prominent business houses of Gujarat engaged primarily in the media and real estate sectors....

Read More
Posted Under: Income Tax |

Income Tax searches in Delhi, Gujarat and Dadra

The Income Tax Department carried out a search and seizure operation on 01.09.2021 on a manufacturer and distributor of synthetic yarns and polyester chips having corporate office in Delhi and factories at Dadra & Nagar Haveli and Dahej....

Read More
Posted Under: Income Tax |

I-T searches in Maharashtra & Goa reveals Fake ITC & Bogus Purchases

The Income Tax Department carried out a search and seizure operation on 25.08.2021 on a group based in Maharashtra and Goa. The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa. More than 44 premises were covered in the search operation....

Read More
Posted Under: Income Tax |

Income Tax Department conducts searches in Visakhapatnam

The Income Tax Department carried out search and seizure operation on 25.08.2021 on a group based in Visakhapatnam at 17 different premises across Andhra Pradesh, Chhattisgarh, Nagpur and Kolkata. The group entities are engaged in extraction of vegetable oils, mining of manganese ore, and manufacturing of ferro alloys....

Read More
Posted Under: Income Tax |

Income Tax Department conducts searches in Rajkot

The Income Tax Department carried out a search and seizure operation on 24.08.2021 on a group based in Rajkot. The group is among Gujarat’s prominent real estate builders & developers and is actively engaged in real estate, construction and land trading businesses in and around Rajkot. More than 40 premises were covered in the operation...

Read More
Posted Under: Income Tax |

I-T Dept searches PAN-India in a prominent group having diversified businesses

Income Tax Department carried out a search operation under section 132 of the Income - tax Act, 1961 on 22.07.2021 on a prominent business group, which is involved in businesses in various sectors, including Media, Power, Textiles and Real Estate, with a group turnover of more than Rs. 6,000 crore per annum....

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Posted Under: Income Tax |

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