Why Disclosure u/s 132 May Not Save You From Penalty u/s 271(1)(c)

For quite a long time , the provision of search under Income Tax Act was as if continuous VDIS type of scheme is embedded...
jewellery

Search & Seizure : Jewellery That Can’t Be Seized Even if No Wealth tax...

The search and seizure operation u/s 132 of the Income Tax Act usually results in seizure of jewellary . The good thing to know that as per the law, certain...
search_seizure

Search & Seizure : Sealing of Shop is Unlawful !

Powers of search and seizure under Income Tax Act is very wide. It has been provided under section 132(1)(iii) of the I.T. Act that...

ITAT: Interest Should be Charged After Adjusting Seized Cash

Kolkata , ITAT B Bench in a very recent judgement in case of CIT  vs Vaibhav Tulsian in I.T.A No. 1695/Kol/2011 vide its order...

Patna HC: Search Interrogation at 3 AM by Tax Depratment is Human Rights Violation

It is very common for the investigation wing to continue search for days in premise of the assesses and make interrogation of the tax...

Delhi High Court: Search Assessment u/s 153A Does Not Require Issue of Notice U/s...

Issue of notice u/s 143(2) before passing search assessment order has been controversial issue . This is for simple reason that  no clear provision...

Can bank transfer money to IT department from an account on which prohibitory order...

Investigation wing of the income tax department  , in very routine manner , put prohibitory orders on operation of bank accounts of persons on...

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