Ministry of Finance 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 Hospitality business. The Search and Survey actions are being carried out at 14 locations in Guwahati, Delhi, Silapathar and Pathsala (Assam). The main…...
Income Tax Department conducts searches in Tamil Nadu
Ministry of Finance The Income Tax Department carried out searches on 14.12.2020 in a group case from Erode in Tamil Nadu, covering 15 premises at Erode and Chennai. The group is a leading civil contractor for Government works, specialised in erecting Seawave breaks along the coastlines and diversified into bus transport, running marriage halls and…...
Income Tax Department conducts searches in Uttar Pradesh
Income Tax Department conducts searches in Uttar Pradesh Ministry of Finance A search action was started by the Income Tax Department on 28.10.2020 in the case of a Bijnor based group engaged in real estate business and it’s associates. There were allegations that the group companies were having huge security premium reserves and massive liabilities in…...
Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees
Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees Ministry of Finance In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of employees are not able to avail of Leave Travel Concession…...
DGGI Gurugram arrests man for forging input tax credit of around Rs 392 crore
DGGI Gurugram arrests man for forging input tax credit of around Rs 392 crore Ministry of Finance The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Kabir Kumar, resident of New Delhi on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit…...
Income Tax Department conducts searches in J&K
Income Tax Department conducts searches in J&K Ministry of Finance The Income Tax Department carried out search and seizure actions on 22/10/2020 on a group of three assessees, based in Srinagar. Searches were conducted at 15 residential and business premises, out of which 14 were in Srinagar and 1 in Delhi. The group is engaged…...
Income tax department carries out searches in Bihar
Income tax department carries out searches in Bihar Ministry of Finance The Income Tax Department carried out searches on 19.10.2020 in the cases of two Government contractors having premises in Purnea, Katihar and Saharasa and a silk trader in Bhagalpur in Bihar. The searches were based on intelligence gathered, which indicated that large scale unaccounted…...
Income Tax Department carries out searches in Delhi, NCR and Haryana
Income Tax Department carries out searches in Delhi, NCR and Haryana Ministry of Finance The Income Tax Department has carried out a search and seizure action on 14.10.2020 in the case of a leading advocate practicing in the field of commercial arbitration and alternate dispute resolution. He was suspected to be receiving substantial amounts in…...
Income Tax Department conducts search in Ahmedabad
Income Tax Department conducts search in Ahmedabad Ministry of Finance The Income Tax Department conducted a search & seizure action based on credible intelligence on 08.10.2020 at Ahmedabad in the case of a group engaged in the businesses of real estate, construction and land trading. Search was conducted at 27 premises, which included offices and…...
Income Tax Department conducts searches in Bihar & UP
Income Tax Department conducts searches in Bihar & UP Ministry of Finance The Income Tax Department, on the basis of actionable intelligence received, conducted search and seizure actions on 06-10-2020 in Patna, Sasaram and Varanasi in the case of a person, who is in the business of mining and hotel industry. Search was also conducted…...