Conducting a search

undisclosed income found during search/survey to be distributed to members of the family running the business 2 min read

• Income Tax

undisclosed income found during search/survey to be distributed to members of the family running the business

Sourav 10 years ago

Section 132 of the Income Tax: It is but natural that the undisclosed income found during search/survey has to be distributed to all the members... Read More

Warrant in name of a dead person does’t make 158BC/158BD proceedings invalid: Gunjan Girishbhai Mehta vs. DIT (Supreme Court) 2 min read

• Income Tax

Warrant in name of a dead person does’t make 158BC/158BD proceedings invalid: Gunjan Girishbhai Mehta vs. DIT (Supreme Court)

Sourav 10 years ago

Where the assessee has attended proceedings under section158BC, are subsequent actions inder 158BD invalid if warrant is in name of dead person... Read More

Finance Bill: Empowering tax officials for curbing black money 2 min read

• Income Tax

Finance Bill: Empowering tax officials for curbing black money

Sourav 10 years ago

The countdown has begun. From the 1st of April, 2017 the Central Govt.’s steps for curbing black money is going to be more and more... Read More

Reasons to believe for conducting a search & seizure not to be disclosed 2 min read

• Income Tax

Reasons to believe for conducting a search & seizure not to be disclosed

Sourav 10 years ago

Sub-section (1) and Sub-Section (1A) of section 132 of the Income Tax Act, 1961 provides that where the authority stated therein, depending on the information in his... Read More