income tax search - Page 39

Income Tax (I-T) officials search offices of Gammon India Limited

Income Tax (I-T) officials today carried out search operations at the offices of infrastructure major Gammon India in four cities. A company spokesperson told PTI that some officials had visited the premises but "we do not know what is happening"According to sources, I-T officials have been carrying out the search in four offices of the c...

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Income Tax Department carried out Search operation at construction companies in Rajkot

The Income Tax Department has carried out search operations at companies engaged in real estate business, I-T department sources said here today. Over 50 premises including business and residence of five builders are being searched by more than 250 I-T sleuths, sources said, adding some of the business premises in Ahmedabad are also being...

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Income Tax Department conducted lesser Search, but seizures doubled

The Income Tax (I-T) department seems to have mastered the art of getting more for less. No strong-arm tactics here; it is just that the department has improved what it calls the effectiveness of its search operations through better targeting....

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Model questions and answers which may be asked during the course of search operations

The sources of income should be stated irrespective of whether the income there from is taxable or not. The answer be given with regard to the sources as exist on the date of recording of the statement including the source which might have come into existence after the last return was filed. If any such source is not disclosed and evidenc...

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Mere family connection cannot be a ground for transfer of cases

Relevant Case - Dillip Kumar Agarwal Vs CIT (Calcutta High Court)

In connection with search and seizure operations against the R group of companies, the Commissioner of Income-tax after hearing the assessees passed a reasoned order directing transfer of the cases of the assessees from the Income-tax Officers at Kolkata to Patna....

Search and Seizure– Latest on Block Assessment– Chapter XIV-B of IT Act, 1961

Chapter XIII of the Income-Tax Act, 1961 (the Act), deals with “Income-Tax Authorities”. Part –‘C’ of this Chapter deals with “Powers” of the income-tax authorities. Section (‘S.’ for short) 131 deals with “Power regarding discovery, production of evidence, etc.”. Section 132 deals with “Search and seizure”. Sect...

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Penalty only on Income determined by AO in excess of Income in return filed U/s. 158BC

CIT Vs. Shri. C. Najeeb (Kerala High Court)

Explore the Kerala High Court judgment in CIT vs. Shri. C. Najeeb regarding penalty on income determined under Section 158BC of the Income Tax Act. Discover key questions of law, such as whether the Tribunal's decision to levy income tax on 15% of total receipts is correct. Dive into the intricacies of assessment and penalty proceedings, ...

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