Tag: income tax prosecution

Potential cases for prosecution u/s 276CC identified for failure to furnish return of income.

Potential cases for prosecution u/s 276CC identified for failure to furnish return of income.

June 14, 2017 Income Tax
Potential cases for prosecution u/s 276CC identified for failure to furnish return of income. The Section provides rigorous/simple impriosnment of 7 years to 3 months EFS Instruction No. 63 Tel: 0120-2770029, Fax:  0120-2770452 Email:adg2.systems@incometaxindia.gov.in DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 …
CBDT Chairman asks prosecution proceedings initiation against entry operators, bogus LTCG claimants, cases rejected by Settlement Commission etc.

CBDT Chairman asks prosecution proceedings initiation against entry operators, bogus LTCG claimants, cases rejected by Settlement Commission etc.

March 8, 2017 Income Tax
CBDT Chairman asks prosecution proceedings initiation against entry operators, bogus LTCG claimants, cases rejected by Settlement Commission etc.  GOVERNMENT OF INDIA Ministry of Finance/Department ot Revenue Central Board of Direct Taxes North Block, New Delhi- 110001 email: chairmancbdt@nic.in Tele :23092648 & Telefax :23092544 SUSHIL CHANDRA Chairman, CBDT & …
Prosecution u/s 276CC-CBDT asks Department to identify potential cases of non filing of income tax return ITRs for AY 2013-14 to initiate proceedings

Prosecution u/s 276CC-CBDT asks Department to identify potential cases of non filing of income tax return ITRs for AY 2013-14 to initiate proceedings

March 31, 2016 Income Tax
CBDT has asked Income Tax Department to identify the potential cases of non filing of income tax return (ITRs) for AY 2013-14 and initiate prosecution u/s 276CC if the conditions prescribed are fulfilled. In a letter issued by Directorate of Income tax (Systems) dated 22/03/2016, Pr. Chief Commissioner of …