Liability of Duty for unaccounted income

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..... Liability of Duty for unaccounted income
Query (Issue) Started By: - NAVIN SINGHAL Dated:- 14-9-2009 Last Reply Date:- 14-9-2009 Central Excise
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Central Excise
CAN EXCISE / SAL .....

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..... ES TAX DEPARTMENT ASK FOR DUTY / TAX ON THE UNACCOUNTED INCOME DISCLOSED AT THE TIME OF SEARCH PROCEEDINGS U/S 132 OF INCOME TAX. AND ALSO CAN THEY RESUME / IMPOUND DOCUMENTS RELATED TO OTHER GROUP AS .....

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..... SOCIATES EVEN IF THEY ARE NOT REGISTERED WITH EXCISE/SALES TAX AUTHORITY AND THE PRODUCT NOT COVERED UNDER EXCISE/SALES TAX Reply By Rama Krishana: The Reply: At the time of search or after receiving .....

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..... information from other department, excise / sales department insist the assessee to deposit duty / tax on the basis of information and estimated evasion. However, an assessee may insist upon to issue .....

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..... proper show cause notice before forcing him to deposit the duty / tax. All these depend upon the facts / nature / circumstances / evidence etc.
Discussion Forum - Knowledge Sharing .....

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