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No Service Tax Leviable on Purchase of Data related to Geological and Seismic quality of blocks performed outside India: CESTAT [Read Order]

Shabna Rahim

The Hyderabad bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that the service tax cannot be levied on the purchase of...

Tax Evasion Investigation: Income Tax Dept Conducts Survey at Hinduja Group

Survey cannot be based only for treating on-money when purchaser as well as registered sale...

Physical Cash found during Survey is Residual Amount of Cash Withdrawn from Firm against Imprest...

No Tax Levy u/s 115BBE of IT Act on Additional Income offered by assessee during Survey: ITAT...

Addition u/s 153C cannot be made based on Documents found during Survey: ITAT [Read Order]

The Mumbai bench of Income Tax appellate tribunal (ITAT) recently held that addition under section 153C of Income Tax Act 1961 could not be made based on documents found during the survey. Section...

Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income tax penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied on assessee since he surrendered the...

Partner of Firm who Attended Survey cannot Dispute the same Later: Allahabad HC [Read Order]

The Allahabad High Court has held that a partner of the Firm who was present during Survey cannot question the validity of the same later. The applicant is engaged in the business of manufacture...

Addition merely based on Oath made during Survey is Invalid without Supporting Evidence: ITAT [Read Order]

The ITAT, Kolkata bench has held that the addition made on the basis of statement made on oath by the assessee during the course of survey cannot be the sole reason for income tax addition unless the...

Survey cannot be converted into Search by Income Tax Authority without Recording satisfaction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Surat Bench has held that the survey cannot be converted into search by Income Tax Authority without recording satisfaction. The assessee firm, Raj...

Income Tax Department conducts Searches in Guwahati

The Income Tax Department started a Search and Survey action on 22.12.2020 in the cases of three leading contractors of North-Eastern India. One of the groups is also into the Hospitality business....

Income Tax Department - Search - Taxscan

CBDT issues directions for exercising the power of survey u/s 133A of Income Tax Act, 1961 [Read Order]

The Central Board of Direct Taxes (CBDT) issued the directions for exercising the power of the survey under Section 133A of Income Tax Act, 1961. The Board in pursuance of the Taxation and Other...