Do Not Coerce Taxpayers To Admit Undisclosed Income: CBDT To AOs
The CBDT has issued a letter dated 18.12.2014 pointing out that instances/complaints of undue influence/coercion have come to notice of the CBDT that some assessees were coerced to admit undisclosed income during Searches/Surveys opriducted by the Department. It is pointed out that that many such admissions are retracted in the subsequent proceedings since the same are not backed by credible evidence. Such actions defeat the very purpose of Search/Survey operations as they fail to bring the undisclosed income to tax in a sustainable manner leave alone levy of penalty or launching of prosecution
List Of Closed And Restricted Holidays For The ITAT In 2015
The Assistant Registrar of the Tribunal has released a list of closed and restricted holidays for the Tribunal. Click here to download the list of closed holidays for 2015
Regards,
Editor,
---------------------
Latest:CIT vs. Sambhaji Nagar Coop. Hsg. Society Ltd (Bombay High Court)
S. 45/ 48: Gains on sale of TDR received as additional FSI as per the D. C. Regulations has no cost of acquisition and is not chargeable to capital gains
__._,_.___
No comments:
Post a Comment