WebMay 22, 2024 · During the course of practice of search and seizure cases, it is observed that on several occasions, after having admitted certain facts, in a statement made under section 132 (4) of the act during a search and seizure operation, assessee’s retract the admissions made by denying the facts admitted, claiming that the admissions were obtained under … WebJan 31, 2024 · His forte is handing Income Tax Search and Seizure matters , direct tax litigation matters and legal representations before various authorities enforcing economic and tax laws incl. under PMLA, SFIO, EOW, DRI, SEBI, CCI, Benami Laws and Black Money etc. As on today, he has wide experience of handling Income Tax Search and Seizure …
Section 132 of Income Tax Act: Search and Seizure – Safeguards …
Webprevention of tax evasion, mounting of a number of administrative inquiries for various purposes, are two of the many other reasons which are leading to an extension of administrative power of search and seizure. For example, section 18 of The Central Excises and Salt Act, 1944, section 132 of the Income-tax Act, 1961, section 5(3) WebApr 12, 2024 · Income Tax Department commenced a Search & Seizure operation in the case of some Cooperative Banks, in the State of Karnataka, on March 31, 2024. These cooperative Banks have been found to be engaged in routing of funds of various business entities of their customers, in a manner, so as to abet them to evade their tax liabilities. ir8a 2022 submission
Income Tax Dept. commenced Search & Seizure operation in case …
WebApr 14, 2024 · April 14, 2024 at 1:21 p.m. Four men were arrested Thursday in connection with a nine-month federal investigation into drug trafficking in the Waterbury area that resulted in the seizure of 22 ... WebMar 22, 2024 · In cases of Search and Seizure action (s) and survey (s) wherein certain undisclosed income is unearthed, the tax department as a matter of practice and also being empowered by law invokes provisions of sections 68, 69, 69A to 69D of the Act and accordingly levy tax under section 115BBE of the Act which can also loosely be termed as … WebFeb 13, 2024 · The word ‘black money’ is not defined under the Income Tax Act, 1961, Customs Act, 1962, CGST Act, 2024, Central Excise Act, 1944 and erstwhile Chapter V of Finance Act, 2024 (related to Service Tax). ... The details of assets seized during the search & seizure operations is provided in the ANNEXURE. Further, the details of cash seizures ... orchidfriends.com