The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently held that the department cannot make addition merely on the basis of the statement made by the Director of the Company during the search...
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty under section 271(c)(1) of the Income Tax Act cannot be made merely on the basis of the declaration made by...
The Haryana GST Department has issued guidelines to be complied before authorizing for conducting Inspection, Search and Seizure under the Haryana Goods and Service Tax (GST) Act. The notice was issued in the name of...
In a recent case, the Gauhati High Court held that search and seizure made by the police officials without invoking the provisions of Section 67 of the Assam Goods and Services Tax Act (AGST Act)...
On 3rd December 2019, the Income Tax Department carried out search and survey operations on certain share-brokers/traders who were involved in facilitating accommodation of profits/loss through reversal trades in illiquid stock options in Equity Derivative...
The Income Tax Department conducted a search and survey action on a group having an interest in infrastructure, mining and real estate. More than 25 premises were covered in NCR. Search action led to the...
The Income Tax Department has conducted the search at 37 premises of Brihanmumbai Municipal Corporation (BMC) in Mumbai and Surat, of civil contractors who were allegedly involved in corrupt practices. The department stated that incriminating...
The Income Tax Department conducted search action under the Income-tax Act, 1961 in the case of a group of trusts that are running educational institutions in and around Chennai for the past thirty years. The...
In a large scale operation against frauds in banks, the Central Bureau of Investigation ( CBI ) is today conducting searches at around 187 places in different States/UTs including in Andhra Pradesh, Chandigarh, Delhi, Gujarat,...
The Delhi High Court has granted bail to Congress Leader DK Shivakumar in Money Laundering case on medical grounds. A search under the Income Tax Act at the New Delhi, Safdarjung Enclave premises was conducted,...
The Income Tax Department conducted search operation on a group based in Delhi in connection with tax evasion and money laundering. The group is engaged in various e-governance projects and financial services. It has a...
On 16.10.2019, the Income Tax Department conducted search action under the Income-tax Act, 1961 in the case of a conglomerate of trusts and companies that run year-round “wellness courses” and training programmes in philosophy, spirituality,...
The Income Tax Department carried out a search operation on 10th October 2019 covering six premises of two groups involved in the sale-purchase of hotel resort at Goa. One of the groups covered currently owns...
The Income Tax Department conducted a search on 9th October 2019 on a prominent business group in Karnataka which runs multiple educational institutions. During the course of the search, the modus operandi of conversion of...
The Income Tax Department conducted search and seizure operations today on a prominent business group based in Srinagar, covering 8 premises in Srinagar and 1 each at Bangalore and Delhi. The assessee group is engaged...
The Allahabad High Court in a writ petition Rimjhim Ispat Ltd. v. State of U.P. partly holding in favour of the appellant held that even though there was no stay order restraining the respondents from...
The Allahabad High Court has recently held that the ‘reasons to believe’ are mandatory to conduct search and seizures procedure adopted as per the State GST Acts. The Assessee, Rimjhim Ispat Limited, had their factory...
A two-judge bench of the Delhi High Court has held that the complete sealing of the business premises is illegal under the GST laws. The petitioners’ premises were visited by the Revenue authorities on 29.08.2018...
A two-judge bench of the Madhya Pradesh High Court has held that the State GST Officers are also authorized to exercise the powers to inspect, search, and seize the goods under the Integrated Goods and...
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Shri Ashok Jain v. ACIT, Mumbai held that where jewellery was found with the assessee within the limit prescribed by...
The Central Bureau of Investigation ( CBI ) has registered a case on a complaint from UCO Bank against former CMD, UCO Bank; a Private Engineering Company based at New Delhi; its CMD & nine...
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