Delhi High Court judgment issues seven Mandamus for action by the Income Tax Department
INSTRUCTION NO. 12/2013 DATED 9-9-2013 Hon'ble Delhi High Court vide its judgment in case Court On Its Own Motion v. UOI in W.P.(C) 2659/2012, dated 14.3.2013 has issued seven Mandamus for action by the Income Tax Department. One Mandamus is on compliance of section 245 of the Income-tax Act, 1961. 2. The Hon'ble High Court in this context had issued… Read More
Tags: Bangalore, Delhi High Court, Hon, Income tax, Income Tax Department, Mandamus, Taxation in India, The Honourable
Income Tax Surveys at Jaipur Result in Detection of Undisclosed Income of Rs. 118 Crore
A Survey action was conducted by the Income Tax Department at Jaipur on 03.09.2013 in the case of a leading Builder and Developer of Jaipur which resulted in the detection of the additional income of Rs. 95.14 crores. The assessee not only admitted the said additional income but also furnished the post dated cheques of… Read More
Tags: Direct tax, Fiscal year, Income tax, Income Tax Department, Jaipur, Rupee, Tax
CBDT Action on Unmatched Challans reflected in Form 26AS – direction of the Hon’ble Delhi HC
INSTRUCTION NO 11/2013 Dated: 27 August, 2013 Subject: - Action on Unmatched Challans reflected in Form 26AS - direction of the Hon'ble Delhi HC in the case 'Court on Its Own Motion vs. UOI & Ors in WP(C) 2659/2012 & WP(C) 5443/2012'- regarding 1. The. Hon'ble Delhi High Court vide its judgement in the case 'Court… Read More
Tags: Delhi, Delhi High Court, Hon, Income tax, Income Tax Department, Taxation in India, TDS, The Honourable
Income Tax Department Sent Letters Today to Another Batch of 35,000 Non-Filers
As part of its ongoing initiative, the Income Tax Department has sent today i.e. 27th May, 2013 letters to another batch of 35,000 non-filers. These persons were part of around 12 lakh non-filers identified as a result of data matching exercise. With this latest batch, the IT Department has now issued letters in 1,75,000 high priority cases. The response to this… Read More
Tags: Business intelligence, Data Warehouse, Income tax, Income Tax Department, May 2013, Tax, tax returns (India), United States
Government urges tax Payers to Disclose True income and pay Appropriate taxes within Current Financial Year
A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this Month. The Union Finance Minister Shri P. Chidambaram has repeatedly emphasized that there is need for a nonintrusive tax… Read More
Tags: Accounting, Government of India, Income tax, Income Tax Department, P. Chidambaram, Tax, tax returns (India)
FM Speak :: CDTAC Must Encourage Cooperation between IT Dept and Tax Payers
Central Direct Tax Advisory Committee (CDTAC) is to Develop and Encourage Mutual Cooperation between the Tax-Payers and the Income Tax Department and to Remove Administrative and Procedural difficulties of a General Nature: FM The Union Finance Minister Shri P. Chidambaram said that role of the Central Direct Tax Advisory Committee (CDTAC) is to develop and… Read More
Tags: CBDT, Committee, Finance Minister, Income tax, Income Tax Department, P. Chidambaram, Taxation in India, Vaishali
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