Ajay Traders vs. DCIT (ITAT Jaipur) Penalty under Explanation 5A to s. 271(1)(c) cannot be levied on the basis of a mere surrender by the assessee if no incriminating material […]
Search & Survey
Power regarding discovery, production of evidence, etc. -Section 131
Overview of Section 131 The Assessing Officer, Deputy Commissioner (Appeals), Joint Commissioner, Commissioner (Appeals), 17[Principal Chief Commissioner or] Chief Commissioner or 17[Principal Commissioner or] Commissioner and the Dispute Resolution Panel […]
Survey Vs. Search
Income tax survey and search are becoming increasingly common as businesses continue to grow. Apparently, there is no word called “raid” in the Income Tax Act. The two important tools […]
Survey Provisions under the Income Tax Act, 1961- Section 133A
Provisions relating to Section 133A. 1. Power Of Survey. Survey means to inspect or in a wider sense to scrutinize. The object of a survey is to find out, gather […]
SEARCH & SEIZURE -PROVISIONS & PROCEDURES – A BRIEF OVERVIEW
SEARCH & SURVEY-PROVISIONS & PROCEDURES – A BRIEF OVERVIEW Search & seizure-meaning of: Search, according to normal dictionary meaning, means to look out, to seek or to find something the […]