Income Tax Department

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: BangaloreDelhi High CourtHonIncome taxIncome Tax DepartmentMandamusTaxation in IndiaThe 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 taxFiscal yearIncome taxIncome Tax DepartmentJaipurRupeeTax

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: DelhiDelhi High CourtHonIncome taxIncome Tax DepartmentTaxation in IndiaTDSThe 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 intelligenceData WarehouseIncome taxIncome Tax DepartmentMay 2013Taxtax 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: AccountingGovernment of IndiaIncome taxIncome Tax DepartmentP. ChidambaramTaxtax 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: CBDTCommitteeFinance MinisterIncome taxIncome Tax DepartmentP. ChidambaramTaxation in IndiaVaishali

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