Home Acts & Rules Direct Taxes Schemes Income Tax Informants Rewards Scheme, 2018 Chapters List Income Tax Informants Rewards Scheme, 2018 This
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Para 9 - Illustrative situations where Informant will not be entitled for reward - Income Tax Informants Rewards Scheme, 2018Extract 9. Illustrative situations where Informant will not be entitled for reward: (i) In a case where an informant has furnished information pertaining to modus operandi only without any specific information regarding parties involved /assets generated /transactions entered, etc. and pursuant to such information, investigation conducted by Investigation Directorate leads to detection of undisclosed income, the informant will not be eligible for any reward for the information even if the modus operandi is found to be correct. (ii) In a case where an informant has furnished specific information pertaining to bogus expenses/purchase or modus operandi or income or assets, etc. in respect of some persons and pursuant to such information, investigation conducted by Investigation Directorate leads to detection of bogus expense/purchase or modus operandi or income or assets etc. in respect of additional persons also, the informant will not be eligible for any reward in respect of the bogus expense/purchase or modus operandi or income or assets etc. of the additional persons, irrespective of the fact that the informant had explained the modus operandi etc. (iii) In a case where search seizure has been conducted and additional taxes have been levied and realized but such additional taxes are not directly attributable to the information provided by the Informant. (iv) In a case where an informant has furnished specific information pertaining to undisclosed assets and pursuant to such information, investigation conducted by Investigation Directorate does not lead to detection of the undisclosed assets in respect of which the information was furnished, the informant will not be eligible for any reward even if any other undisclosed asset was detected in the investigation and the informant had explained the modus operandi. (v) In a case where an informant has furnished specific information pertaining to some undisclosed assets and pursuant to such information, investigation conducted by Investigation Directorate leads to detection of some undisclosed assets in addition to those informed by him, the informant will not be eligible for any reward in respect of the additional undisclosed assets detected, even if the informant had explained the modus operandi.
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