Income Tax - Core issue involved in the appeals is the scope of assessment u/s 153A. question posed for consideration is, as to whether in respect of completed assessments/unabated assessments, whether the jurisdiction of AO to make assessment is confined to incriminating material found during the course of search u/s 132 or requisition u/s 132A or no...
Income Tax - In cases where a search under section 132 is initiated or a search for which the last of the authorization is executed or requisition is made under section 132A, after the 15th March of any financial year a period of fifteen days shall be excluded for the purpose of computing the period of limitation for issuance of notice under section 1...
Income Tax - During search authorised officer, may requisition services of any other person or entity, as approved by PCIT or CCIT, Principal Director General or DGIT...
Income Tax - In Finance Bill 2023 Finance Minister recommended significant though few changes relating to Income Tax Search & Seizure ...
Income Tax - As per ED, Vivo deployed the technique of tax-loss harvesting by creating multiple shell/ dormant companies which were used to transfer its revenue domestically and further back-tracked them to China causing loss to Indian exchequer. It was also alleged that the officials at Vivo did not cooperate with ED....
Income Tax - Income Tax Department's recent searches reveal tax evasion schemes by contractors, leading to unaccounted cash and asset creation. Details of operation....
Income Tax - Recent Income Tax search operation in Kashmir Valley exposes a prominent business group's substantial tax evasion in sectors including Cement, Steel, and Real Estate...
Income Tax - Income Tax Department conducted search and seizure operations on a business group operating largely in North Bengal region of the State of West Bengal. The business group is controlled by a person with an active political background. Search was also conducted on his close business associate....
Income Tax - Income Tax Department commenced a Search & Seizure operation in the case of some Cooperative Banks, in the State of Karnataka, on 31.03.2023. These cooperative Banks have been found to be engaged in routing of funds of various business entities of their customers, in a manner, so as to abet them to evade their tax […]...
Income Tax - Income Tax Department carries out survey operations in Delhi & Mumbai A survey action under section 133A of the Income- tax Act, 1961 (the Act) was carried out at the business premises of group entities of a prominent international Media Company at Delhi and Mumbai. The group is engaged in the business of development of […]...
PCIT Vs Meera Gupta (Delhi High Court) - Delhi High Court dismisses the Income Tax Departments appeal against Meera Gupta for Assessment Years 2009-10, 2011-12 & 2013-14, affirming SC ruling....
PCIT Vs. Abhisar Buildwell P. Ltd. (Supreme Court) - In respect of completed/unabated assessments, no addition can be made in absence of any incriminating material found during search: SC...
Anil Jain Vs Principal Director General of Income Tax (Inv) (Madras High Court) - Anil Jain Vs Principal Director General of Income Tax (Inv) (Madras High Court) Petitioner is an assessee on the file of DCIT, Chennai. On 02.08.2017 there was a search u/s 132 in the premises of one D.K.Shivakumar. The premises of the petitioner was searched by the ADIT & the DDIT(Inv.), Bangal...
ITO Vs Vikram Sujitkumar Bhatia (Supreme Court of India) - SC held that amendment to Section 153C vide Finance Act, 2015 shall be applicable to searches conducted under Section 132 before 01.06.2015...
DCIT Vs NIBR Bullion Pvt. Ltd. (ITAT Mumbai) - ITAT Mumbai held that addition merely on the basis of confession during the course of search operation without supporting evidence is unsustainable in law....
Release ID: 1681436 - (17/12/2020) - The Income Tax Department carried out searches on 14.12.2020 in a group case from Erode in Tamil Nadu, covering 15 premises at Erode and Chennai. The group is a leading civil contractor for Government works, specialised in erecting Seawave breaks along the coastlines and diversified into bus transpo...
Release ID: 1681129 - (16/12/2020) - The Income Tax Department carried out search and seizure operations on 13.12.2020 in the case of a Chandigarh based listed pharmaceutical company and its associated concerns. A total of 11 premises were covered spanning Chandigarh, Delhi and Mumbai....
Release ID: 1676945 - (29/11/2020) - The related concerns of the assessee group are involved in financing, money lending and real estate development. The unaccounted transactions conducted by these entities and the unaccounted capital/loan infusion in these entities are estimated to be around Rs.50 crore. The searches, so far, have res...
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....
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....
PCIT Vs Meera Gupta (Delhi High Court) -
PCIT Vs. Abhisar Buildwell P. Ltd. (Supreme Court) -
Anil Jain Vs Principal Director General of Income Tax (Inv) (Madras High Court) -
ITO Vs Vikram Sujitkumar Bhatia (Supreme Court of India) -