Category Archives: Income Tax

Income Tax Department conducts search operations in West Bengal , detection of unaccounted income of  Rs. 100 crore.  

By | December 6, 2021

Ministry of Finance Income Tax Department conducts search operations in West Bengal Posted On: 06 DEC 2021 The Income Tax Department initiated a search and seizure operation on a prominent Kolkata-based Group, engaged in manufacturing of TMT Bars and structural construction materials etc. on 01.12.2021.  The search action covered more than 20 premises spread over West Bengal and… Read More »

Income Tax Department conducts search operations in Delhi, understatement oF domestic income of Rs. 30 crore

By | December 6, 2021

Ministry of Finance Income Tax Department conducts search operations in Delhi Posted On: 06 DEC 2021 1 The Income Tax Department initiated search action on 24.11.2021 on a taxpayer in Delhi who has created a beneficiary trust and an underlying company in low tax overseas jurisdiction. The residence and business premises of the assessee were covered in… Read More »

Income Tax Department conducts search operations in Madhya Pradesh , suppression of cash receipts of Rs 25 Crore

By | December 3, 2021

Income Tax Department conducts search operations in Madhya Pradesh Posted On: 03 DEC 2021 The Income Tax Department initiated search and seizure operations on two major business groups of Indore on 25.11.2021. The first group is engaged in the business of mining, media and providing cable TV services and the second group is running a coaching… Read More »

Income Tax Department conducts search operations on jeweller’s , detection of undisclosed income of more than Rs. 500 crore 

By | December 2, 2021

Ministry of Finance Income Tax Department conducts search operations in Rajasthan Posted On: 01 DEC 2021 The Income Tax Department initiated search and seizure operations on a group engaged in manufacturing and export of jewellery and coloured gemstones at Jaipur on 23.11.2021. The search action covered more than 50 premises at different locations in and around Jaipur. During… Read More »

New Order on Income Tax Exemption to Chartitable Trust if Registration Pending Sec 12AA I CA Satbir

By | December 2, 2021

New Order on Income Tax Exemption to Chartitable Trust if Registration Pending Sec 12AA I CA Satbir Download Order Click here Facts of the Case Assessee is a trust, engaged in social and religious activities. The assessee filed its return of income for the A.Y. 2008-09 declaring NIL income. Assessing Officer noted that assessee had… Read More »