![Bona Fide Banking Business in Mauritius Exempt from Income Tax in India: Bombay HC grants Relief to HSBC Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-HC-Bombay-High-Court-HSBC-Bank-HSBC-Bank-tax-exemption-Bombay-High-Court-HSBC-ruling-Taxscan.webp "Bona Fide Banking Business in Mauritius Exempt from Income Tax in India: Bombay HC grants Relief to HSBC Bank [Read Order]")
Bona Fide Banking Business in Mauritius Exempt from Income Tax in India: Bombay HC grants Relief to HSBC Bank [Read Order]
In a major relief to HSBC Bank, the Bombay High Court noted that the bona fide banking business in Mauritius is exempt from income tax in India. ...
![Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-High-Court-Income-Tax-Completed-assessment-Reopening-assessment-Incriminating-material-taxscan.jpg "Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]")
![Application for Compounding Offences u/s 276C(1) and 277 of Income Tax Act Rejected on Non-Filing of Complete Bank Statement: Delhi HC directs to Consider Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Bank-Statement-Non-Filing-Delhi-HC-directs-to-Consider-Application-directs-to-Consider-Application-Consider-Application-Delhi-High-Court-TAXSCAN.jpg "Application for Compounding Offences u/s 276C(1) and 277 of Income Tax Act Rejected on Non-Filing of Complete Bank Statement: Delhi HC directs to Consider Application [Read Order]")
![Interest Income not to be assessed When Assessee is Non-Resident: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-Income-Interest-Income-Assessee-ITAT-Income-tax-taxscan.jpg "Interest Income not to be assessed When Assessee is Non-Resident: ITAT [Read Order]")
Assessee failed to comply with S. 142(1) Notice & Consent Form for alleged holding of Swiss Bank Account: Delhi HC upholds Income Tax Penalty [Read Order]
A division bench of the Delhi High Court, holding that no Prejudice would be caused if the assessee complies with section 142(1) notice and the Consent Form for the alleged holding of the Swiss Bank...
![Assessee failed to comply with S. 142(1) Notice & Consent Form for alleged holding of Swiss Bank Account: Delhi HC upholds Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Assessee-S.-1421-Notice-Consent-Form-alleged-holding-Swiss-Bank-Account-Delhi-High-Court-Income-Tax-Penalty-Income-tax-Taxscan.jpg "Assessee failed to comply with S. 142(1) Notice & Consent Form for alleged holding of Swiss Bank Account: Delhi HC upholds Income Tax Penalty [Read Order]")
Swiss Account cannot be Taxed in India If no incriminating evidence found against Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Swiss account cannot be taxed in India if no incriminating evidence is found against the assessee. The assessee, Late Shri...
![Swiss Account cannot be Taxed in India If no incriminating evidence found against Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Swiss-account-ITAT-Taxscan.jpg "Swiss Account cannot be Taxed in India If no incriminating evidence found against Assessee: ITAT [Read Order]")
Delhi High Court orders clubbing of complaints for having an account in Switzerland with Intention to Evade Tax and hide Money Transactions [Read Order]
The Delhi High Court ordered the clubbing of allegations of having an account in Zurich, Switzerland with the intention to evade tax and hide money transactions. The petitioner, Parminder Singh...
![Delhi High Court orders clubbing of complaints for having an account in Switzerland with Intention to Evade Tax and hide Money Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Delhi-High-Court-clubbing-of-complaints-account-in-Switzerland-Evade-Tax-Money-Transactions-Taxscan-1.jpg "Delhi High Court orders clubbing of complaints for having an account in Switzerland with Intention to Evade Tax and hide Money Transactions [Read Order]")
Govt raises Tax demand about Rs.5377 cr against Black Money Holders in Foreign Accounts: Santosh Kumar Gangwar
In the cases of HSBC overseas bank accounts, tax demand of about Rs.5377 crore was raised till 31st March 2016, which includes demand in protective assessments. Information regarding 628 Indian...
