search and seizure

Whether any incriminating material found during Search on any other person can be considered in Section 153A assessment of assessee

Income Tax - Whether any incriminating material found during the course of an Income Tax Search on any other person can be considered in the assessment under Section 153A of the assessee – A study Introduction: Section 153A provides the procedure for completion of assessment in case of a person where a search is initiated under Section 132 [&hel...

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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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Notices, Appeal, Revisions, Search & Seizure under Income Tax

Income Tax - NOTICE: If any person is receiving notice then they need to act on the notice. Recently CBDT which is known as Central Board of Direct Tax has launched the scheme that is termed as Centralized Communication Scheme, the scheme says that all the communication shall be made in electronic mode. There are different types of […]...

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Income Tax Search and Seizure: Irregularity versus an illegal Income Tax Search- Analysis

Income Tax - Introduction: Section 132 of the Income Tax Act’ 1961 prescribes that the competent authorities are empowered to permit the authorized officers to enter, search, break open, seize, place marks of identification and take other steps as contemplated under sub-clauses (i) to (v). However, such powers can be exercised against a person upon ...

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New Regime of Income Tax Search & Seizure Assessments

Income Tax - In this article, the author has attempted to highlight the significant changes brought in by the virtue of the Finance Act’2021 in context to the Income Tax assessments to be made in pursuance to an Income Tax Search and Seizure Action conducted u/s 132 of the income tax Act’1961 and its implications thereupon....

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Income Tax Dept searches two major real estate developers of Ludhiana

Income Tax - The Income Tax Department initiated search and seizure operations on two major real estate developers of Ludhiana on 16.11.2021. The search action covered around 40 premises in Ludhiana....

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Income Tax Dept search business concerns controlled by a neighbouring country

Income Tax - Income Tax Department conducts search operations in Maharashtra, Gujarat and Delhi on certain Indian companies and their associate concerns, controlled by a neighbouring country The Income Tax Department has carried out search and seizure operations on certain Indian companies and their associate concerns, controlled by a neighboring coun...

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Income Tax Dept searches two real estate groups based in Delhi-NCR

Income Tax - The Income Tax Department carried out a search and seizure operation on two real estate groups based in Delhi-NCR on 17.11.2021. These groups are engaged in the construction of commercial and residential projects....

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Income Tax Dept searches leading Gutkha distributor in Gujarat

Income Tax - Income Tax Department conducts searches on a leading Gutkha distributor in Gujarat The Income Tax Department carried out search and seizure operations on a leading Gutkha distributor of Gujarat on 16.11.2021. The search action covered more than 15 premises at different locations in Ahmedabad. ​During the course of the search action, var...

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Income Tax Dept searches chemicals & real estate group of Gujarat

Income Tax - Income Tax Department conducts searches in Gujarat The Income Tax Department has carried out a search and seizure operation on a prominent group engaged in manufacturing of chemicals and development of real estate on 18.11.2021. The search action covered more than 20 premises spread over Vapi and Sarigam in Gujarat, Silvassa and also in M...

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HC held seizure of items duly disclosed & substantiated with documents as illegal

Harshvardhan Chhajed & Others V. DGIT & Others (Rajasthan High Court) - Harshvardhan Chhajed & Others V. DGIT & Others (Rajasthan High Court) Seizure under Income Tax has to be conducted after due care and caution. Merely on account of reasons to suspect, seizure of goods ought not to be undertaken. In fact the investigation wing has to show reason to believe th...

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To acquire section 153C Jurisdiction, Documents Seized must be Incriminating

ACIT Vs Realtech Construction Pvt. Ltd. (ITAT Delhi) - The issue under consideration is whether to acquire jurisdiction under section 153C is it require that the seized documents must be incriminating and must relate to the assessment year whose assessment were sought to be reopened?...

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Premature Disclosure of Pending tax Investigation to Media Not Justified in Law

Rajendran Chingaravelu vs Addl. CIT (Supreme Court of India) - The issue under consideration is whether the proceedings of enquiry/investigation undertaken at the airports without keeping it confidential and premature disclosure to the media (print/electronic) is justified in law?...

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Section 153C notice without recording Satisfaction Note is unjustified

ACIT Vs Rangoli Buildtech (P) Ltd. (ITAT Delhi) - The issue under consideration is whether the issuing notice u/s 153C to the person other than person against whom search is initiated, but without submitting satisfaction note is justified in law?...

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Section 132(4) statement & notings found during search sufficient to invoke section 153A jurisdiction

Lalji Khimjibhai Patel Vs ACIT (ITAT Rajkot) - The issue under consideration is whether the assessee is correct in stating that cognizance taken under section 153A of the Act is illegal at the end of the A.O.?...

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Guidelines for procedures to be followed during GST Search Operation

Instructions No. 01/2020-21 [GST-Investigation] - (02/02/2021) - Specific instances have come to the notice of the Board and Central Vigilance Commission wherein proper procedures have apparently not been followed during search proceedings and/or the Panchnamas/ statements have not been recorded as per extant guidelines &. instructions....

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Income Tax Dept searches a group from Erode in Tamil Nadu

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...

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Income Tax Department conducts searches in Chandigarh

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....

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Detection of undisclosed income of more than Rs. 450 crore in searches in Tamil Nadu

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...

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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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search and seizure’s Popular Posts

Recent Posts in "search and seizure"

Income Tax Dept searches two major real estate developers of Ludhiana

The Income Tax Department initiated search and seizure operations on two major real estate developers of Ludhiana on 16.11.2021. The search action covered around 40 premises in Ludhiana....

Read More
Posted Under: Income Tax |

Whether any incriminating material found during Search on any other person can be considered in Section 153A assessment of assessee

Whether any incriminating material found during the course of an Income Tax Search on any other person can be considered in the assessment under Section 153A of the assessee – A study Introduction: Section 153A provides the procedure for completion of assessment in case of a person where a search is initiated under Section 132 [&hel...

Read More
Posted Under: Income Tax |

Income Tax Dept search business concerns controlled by a neighbouring country

Income Tax Department conducts search operations in Maharashtra, Gujarat and Delhi on certain Indian companies and their associate concerns, controlled by a neighbouring country The Income Tax Department has carried out search and seizure operations on certain Indian companies and their associate concerns, controlled by a neighboring coun...

Read More
Posted Under: Income Tax |

Income Tax Dept searches two real estate groups based in Delhi-NCR

The Income Tax Department carried out a search and seizure operation on two real estate groups based in Delhi-NCR on 17.11.2021. These groups are engaged in the construction of commercial and residential projects....

Read More
Posted Under: Income Tax |

Income Tax Dept searches leading Gutkha distributor in Gujarat

Income Tax Department conducts searches on a leading Gutkha distributor in Gujarat The Income Tax Department carried out search and seizure operations on a leading Gutkha distributor of Gujarat on 16.11.2021. The search action covered more than 15 premises at different locations in Ahmedabad. ​During the course of the search action, var...

Read More
Posted Under: Income Tax |

Income Tax Dept searches chemicals & real estate group of Gujarat

Income Tax Department conducts searches in Gujarat The Income Tax Department has carried out a search and seizure operation on a prominent group engaged in manufacturing of chemicals and development of real estate on 18.11.2021. The search action covered more than 20 premises spread over Vapi and Sarigam in Gujarat, Silvassa and also in M...

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Posted Under: Income Tax |

Income Tax dept searches Kolkata based cement & real estate group

The Income Tax Department carried out search and seizure operations on 16.11.2021 on a prominent Kolkata based group engaged in manufacturing of cement and real estate. The search action covered 24 premises spread over Kolkata, Delhi and places in the states of Assam and Meghalaya....

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Posted Under: Income Tax |

Income Tax Department conducts searches in Delhi and Haryana

Income Tax Department conducts searches in Delhi and Haryana The Income Tax Department carried out search and seizure operations on 09.11.2021 in the case of a Fintech company providing instant short term personal loan through Mobile App. The searches were conducted on the business and residential premises in Delhi and Gurugram. During th...

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Posted Under: Income Tax |

Income Tax Dept conducts searches in Andhra Pradesh & Telangana

The Income Tax Department carried out search and seizure operations on 10.11.2021 on three different groups at 30 different premises in Visakhapatnam, Hyderabad, Vizianagaram and Srikakulam. These groups are mainly engaged in real estate business of development of residential plots and construction of apartments....

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Posted Under: Income Tax |

Income Tax search in Pune – Unaccounted income of Rs. 120 crore Detected

Income Tax Department conducts searches in Pune The Income Tax Department carried out a search and seizure operation on 11.11.2021 on a group at Pune which is engaged in manufacturing of heavy machinery like excavators, cranes, concrete machinery which are used in mining, piling and port, etc. Search operation has covered around 25 locati...

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Posted Under: Income Tax |

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