Para 18 - Meaning of certain terms in this scheme - Income Tax Informants Rewards Scheme, 2018

18. Meaning of certain terms in this scheme: (i) Additional taxes means Income-tax and surcharge, if any, which is directly attributable to the information given by the informant. It, however, does not include interest, cess, penalty and any other levy/fee imposed or imposable under the Income-tax Act, 1961 and/or the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (ii) Additional taxes realizabl e means Income-tax and surcharge, if any, which is payable on the amount of income directly attributable to the information given by the informant out of total additional income detected as per Appraisal Report or final survey report or other final investigation report by the Investigation Directorate, over and above income disclosed in the return, if any, filed by the assessee (iii) Authority competent to grant interim reward shall mean a committee consisting of the concerned DGIT (Inv), PDIT (Inv) and JDIT (Inv) (iv) Authority competent to grant final reward shall mean a committee consisting of the concerned DGIT (Inv), PDIT (Inv), PCIT and JDIT (Inv) (v) CBDT means Central Board of Direct Taxes (vi) Concerned in respect of JDIT (Inv.) means JDIT (Inv) of Investigation Unit receiving information from an Informant and in respect of DGIT (Inv.)/PDIT (Inv.) means the DGIT (Inv.)/ PDIT (Inv.) in supervision of JDIT (Inv.) concerned. (vii) DDIT (Inv.) means Deputy Director of Income Tax (Investigation) and includes Assistant Director of Income Tax (Investigation) (viii) DGIT (Inv.) means Director General of Income Tax (Investigation) (ix) Foreign person means an individual or a group of individuals residing outside India. (x) Group of cases means cases in which the information given by the Informant are linked in a material way with each other with reference to the information given and/or investigation conducted. (xi) Information includes material in any form, such as records, documents, e-mails, data held in any electronic form and photographs which are relevant for detection of undisclosed income under Income-tax Act, 1961 and/or Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, provided either in person or by email or letter in accordance with this scheme. Explanation-1: Information given in any other manner, e.g., WhatsApp or SMS or phone or post on social networking site or publishing letter in newspaper or any other media, etc. shall not be treated as information. Explanation-2: In a case where information is received in instalments, the informant shall furnish information in Annexure-A separately and his entitlement for reward shall be computed with reference to the additional tax realized or realizable which is directly attributable to the information provided in each Annexure A . (xii) `Investigation conducted by Investigation Directorate includes search seizure u/s 132, survey u/s 133A, enquiry u/s 131 and enquiry u/s 133(6) of the Income-tax Act, 1961. (xiii) ITSC means Income Tax Settlement Commission (xiv) JDIT (Inv.) means Joint Director of Income Tax (Investigation) and includes Additional Director of Income Tax (Investigation) (xv) PCIT means Principal Commissioner of Income Tax and includes Commissioner of Income Tax (xvi) PDIT (Inv.) means Principal Director of Income Tax (Investigation) and includes Director of Income Tax (Investigation) (xvii) Substantial tax evasion means evasion of taxes of not less than ₹ 5,00,00,000 (Rupees Five crore or Fifty million) of undisclosed income detected by Investigation Directorates of Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Ahmedabad, Pune or Bangalore and not less than ₹ 1,00,00,000 (Rupees One crore or Ten million) of undisclosed income detected by other Investigation Directorates. If relevant cases are spread across more than one Investigation Directorate, substantial tax evasion means evasion of taxes of not less than ₹ 5,00,00,000 (Rupees Five crore or Fifty million) in aggregate in such cases on undisclosed income detected by Investigation Directorates concerned. (xviii) Undisclosed Income detected by Investigation Directorate means undisclosed income detected on the basis of credible evidence gathered as a result of investigation conducted by the Investigation Directorate, which may lead to sustainable additions/ disallowances having good prospect of recovery of taxes and/or filing of prosecution complaints under Income-tax Act, 1961 and/or Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, and which is reported by Investigating Officer along with supporting evidence in Appraisal Report in case of a search or Final Survey Report in case of survey or final investigation report in case of investigation of any other nature.