Income Tax department raids Noida premises of real estate firm
The Income Tax department on Saturday searched premises linked a real estate developer in Noida and Greater Noida over suspected…
Tag: Search
Department Instructed to refund for the payment made during the search proceedings
The Hon’ble Punjab and Haryana High Court in M/s Parsvnath Traders v. Principal Commissioner, CGST and Another held that the deposited amount which was collected from assessee during the search proceedings is to be refunded along with interest @ 6% per annum from the date of deposit till the refund amount is released in his favour.
Revenue Department cannot seize cash which does not form part of stock in trade
The Hon’ble Supreme court in the matter of State Tax Officer v. Shabu George dismissed the SLP filed by the Revenue Department against the order of the Hon’ble Kerela High Court ordering the Revenue Department to release the cash seized during the search since, such cash does not forms part of stock in trade of business.
CGST Delhi West Commissionerate busts nexus of more than 30 fake firms
The CGST Delhi West Commissionerate under CGST Delhi Zone, upon analysis of an entity under investigation as part of Special…
Refund of payment made during search available as refund when no DRC-04 or Notice issued
The Punjab and Haryana High Court in the case of M/s. Samyak Metals Pvt. Ltd. v. Union of India and…
SEZ units are not exempt from search and seizure proceedings conducted by GST authorities
The Hon’ble Gujarat High Court in the case of M/s. RHC Global Exports Pvt. Ltd. v. Union of India [R/Special…
Income Tax Department conducts searches in West Bengal and Assam
Income Tax Department conducted search and seizure operations on a business group operating largely in North Bengal region of the…
Steel firm evades Rs. 650cr tax: I-Tax dept
The Income Tax department on Monday claimed to have recovered Rs. 15 crore cash from searches at 60 locations related…
Supreme Court ruling on Income Tax searches big relief to taxpayers
The Supreme Court has held that the income tax (I-T) department cannot reopen completed assessments under the Section 153A of…
Search and seizure action by Income Tax Department in Karnataka
Income Tax Department commenced a Search & Seizure operation in the case of some Cooperative Banks, in the State of…