Tax Evasion

CBIC Guidelines for grant of Reward to informers

Income Tax - Learn about the CBIC Guidelines and requirements for grant of reward to informers for smuggling and evasion of duties and taxes under Customs Act, 1962, Central Excise Act, 1944 etc....

Tax Planning Vs Tax Evasion Vs Tax Avoidance

Income Tax - Explore the differences between tax planning, tax evasion, and tax avoidance. Understand how tax planning legally optimizes tax liabilities, while tax evasion involves illegal actions. Tax avoidance navigates legal loopholes, sparking ethical debates. Comply with tax laws and maintain ethical practices....

पार्टनरशिप फर्मों द्वारा प्रापर्टी डील पर टैक्स चोरी अब खत्म

Income Tax - माननीय सुप्रीम कोर्ट ने इनकम टैक्स की संशोधित धारा ४५(४) को संवैधानिक करार देते हुए फर्मों द्वारा प्रापर्टी डील के समय कुछ पार्टन...

टैक्स चोरी में कैश, मुखौटा कंपनियों और फर्जी इनवायसिंग का हो रहा धड़ल्ले से इस्तेमाल

Income Tax - हाल में ही सरकार ने जीएसटी में एक महत्वपूर्ण बदलाव करते हुए साफ कर दिया कि 1 जनवरी 22 से आपको इनपुट का सिर्फ उतना ही क्रेडिट मिलेगा जि...

Illiquid Stock Trading and Tax Evasion

Income Tax -  ILLIQUID STOCK TRADING AND TAX EVASION  1. The ‘scam’ So a new scam beckons us. That of allegedly executing fraudulent trades in illiquid stock options by committing irregularities in the equity derivative segment. 2. Operation Falcon Popular belief is that the scam unearthed after the investigation wing of the I-T Department launc...

DGGI Uncovers ₹57,000 Cr Fake ITC Cases, 500 Arrests

Income Tax - DGGI reveals over 6,000 fake ITC cases, ₹57,000 Cr GST evasion, and 500 arrests from April 2020 to September 2023. Explore the fight against GST evasion....

Better utilize AI, data-analytics & other technologies to identify tax evasion

Income Tax - We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects : Nirmala Sitharaman...

10 recent policy measures to curb GST evasion by fraudulent persons

Income Tax - Centralized suspension of registrations pertaining to registered persons who default in timely filing of returns is being carried out. Provisions have been made to restrict the generation of e-way bills by non-compliant taxpayers....

Customs duty evasion of Rs. 2217 crore by Vivo Mobile

Income Tax - DRI detects Customs duty evasion of Rs. 2,217 crore by M/s. Vivo Mobile India Pvt. Ltd. During an investigation pertaining to M/s Vivo Mobile India Private Limited (hereinafter referred to as ‘M/s Vivo India’), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 2,217 crore. M/s Vivo India is a...

Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST ITC Racket

Income Tax - Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST Input Tax Credit (ITC) Racket The officers of Navi Mumbai CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 70 Crores. This network, which involves more than 14 business entities had issued bogus invoices more than […]...

HC allowed benefit of section 279 (1A) compounding of Prosecution In Tax Evasion Case

PCIT Vs K.M.Mammen (Madras High Court) - Since the penalty was reduced from 300% to 100% of the tax sought to be evaded, assessee was entitled to the benefit of Section 279(1A) of Income Tax....

Delhi HC denies anticipatory bail to CA accused of forgery and GST evasion

Aman Gupta Vs State (Delhi High Court) - Delhi High Court denies anticipatory bail to a CA accused of forgery and GST evasion through false invoices from non-existent entities....

Tax Evasion Information: SC directs Centre to Reconsider Reward Granted

Ketan Kantilal Modi Vs Union of India & Ors (Supreme Court of India) - Detailed case analysis of Ketan Modi vs Union of India & Others. Uncover the Supreme Court's decision on reward reconsideration in a tax evasion revelation....

Huawei Tax Evasion Case: Delhi HC Allows CEO to Travel Abroad

Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) - Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) The proforma for issuance of the Look Out Circular indicates the nationality of the respondent to be that of China. As per the communication dated 19.2.2022 apart from the aspect of M/s Huawei Telecommunications (India) Company Pr...

GST evasion: HC grants bail to accused subject to deposition of Rs. 2 crore

Mohmed Hasan Aslam Kaliwala Vs State of Gujarat (Gujarat High Court) - Revenue contended that applicant defrauded State Exchequer of Rs. 21.59 crores and still investigation is going on and quantum of tax evasion involved is also further likely to increase and considering the conduct of the applicant, if bail is granted...

Bogus Invoices with wrong availment of Rs. 25.5 Crore ITC detected

IV/06-Prev/72/Capital Impex/2018-19/Gr.C - (30/01/2019) - CGST, Vadodara, upon intelligence developed through data analysis, have booked a case of issuance of fake invoices valued at Rs. 107 Crores without any physical movement of goods, leading to wrongful availment of ITC worth Rs 25.5 crores and passing on of ITC worth Rs 19 crores....

DGCI arrests Company MD in fake GST bill case

F. No. DGGI/VZU/INV/GST/53/2018/ - (30/01/2019) - DGGI arrested a managing Director (MD) of a company Following intelligence developed by the officers that fake invoices were received by the company without receipt of goods from various companies and fake invoices were issued without supply of goods. Directorate General of GST Intelligence Visakhap...

GST liability difference of Rs. 67 Crore detected by CGST Vadodara

F.No. IV/16-46/CCO/T/ST/213/Pt-II - (30/01/2019) - The officers of Daman Cornmssionerate have detected a case of default in GST payment against Mrs Radha Madhav Corporation Limited which had stepped filing return since August 2018 and there was a noticeable difference in declared ilatlity in two returns prescribed in CGST Act,2017 namely GSTR-1 and ...

Benami GST Registration – measures to prevent evasion of tax

Circular No 19/2018 - (07/09/2018) - The registration procedure under Goods and Services Tax Act is simplified with the objective of ease of doing business. After online application, the applicant is deemed registered within 3 days. Therefore, since Oct 2017 in every Quarterly Performance Report, it has been specifically instructed to ...

Prosecution Guidelines in case of Excise duty / Service Tax Evasion

Circular No. 1009/16/2015-Central Excise - (23/10/2015) - Circular No. 1009/16/2015-CX Whoever commits any of the offences specified under sub-section (1) of Section 9 of the Central Excise Act, 1944 or sub-section (1) of section 89 of the Finance Act, 1994, can be prosecuted. ...

Recent Posts in "Tax Evasion"

HC allowed benefit of section 279 (1A) compounding of Prosecution In Tax Evasion Case

PCIT Vs K.M.Mammen (Madras High Court)

Since the penalty was reduced from 300% to 100% of the tax sought to be evaded, assessee was entitled to the benefit of Section 279(1A) of Income Tax....

CBIC Guidelines for grant of Reward to informers

Learn about the CBIC Guidelines and requirements for grant of reward to informers for smuggling and evasion of duties and taxes under Customs Act, 1962, Central Excise Act, 1944 etc....

Posted Under: Income Tax |

DGGI Uncovers ₹57,000 Cr Fake ITC Cases, 500 Arrests

DGGI reveals over 6,000 fake ITC cases, ₹57,000 Cr GST evasion, and 500 arrests from April 2020 to September 2023. Explore the fight against GST evasion....

Posted Under: Income Tax |

Delhi HC denies anticipatory bail to CA accused of forgery and GST evasion

Aman Gupta Vs State (Delhi High Court)

Delhi High Court denies anticipatory bail to a CA accused of forgery and GST evasion through false invoices from non-existent entities....

Tax Evasion Information: SC directs Centre to Reconsider Reward Granted

Ketan Kantilal Modi Vs Union of India & Ors (Supreme Court of India)

Detailed case analysis of Ketan Modi vs Union of India & Others. Uncover the Supreme Court's decision on reward reconsideration in a tax evasion revelation....

Tax Planning Vs Tax Evasion Vs Tax Avoidance

Explore the differences between tax planning, tax evasion, and tax avoidance. Understand how tax planning legally optimizes tax liabilities, while tax evasion involves illegal actions. Tax avoidance navigates legal loopholes, sparking ethical debates. Comply with tax laws and maintain ethical practices....

Posted Under: Income Tax |

पार्टनरशिप फर्मों द्वारा प्रापर्टी डील पर टैक्स चोरी अब खत्म

माननीय सुप्रीम कोर्ट ने इनकम टैक्स की संशोधित धारा ४५(४) को संवैधानिक करार देते हुए फर्मों द्वारा प्रापर्टी डील के समय कुछ पार्टन...

Posted Under: Income Tax |

Huawei Tax Evasion Case: Delhi HC Allows CEO to Travel Abroad

Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court)

Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) The proforma for issuance of the Look Out Circular indicates the nationality of the respondent to be that of China. As per the communication dated 19.2.2022 apart from the aspect of M/s Huawei Telecommunications (India) Company Private Limited (HTICPL) and M/s Huawei Te...

Better utilize AI, data-analytics & other technologies to identify tax evasion

We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects : Nirmala Sitharaman...

Posted Under: Income Tax |

10 recent policy measures to curb GST evasion by fraudulent persons

Centralized suspension of registrations pertaining to registered persons who default in timely filing of returns is being carried out. Provisions have been made to restrict the generation of e-way bills by non-compliant taxpayers....

Posted Under: Income Tax | ,

Browse All Categories

CA, CS, CMA (6,867)
Company Law (10,059)
Corporate Law (13,520)
Custom Duty (10,814)
DGFT (5,155)
Excise Duty (5,616)
Fema / RBI (5,764)
Finance (6,484)
Income Tax (49,798)
SEBI (5,332)
Service Tax (4,889)