ultimate-addons-for-gutenberg
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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114<\/a>Government Ministry of Finance<\/strong><\/p>\n Department Central Board of North <\/p>\n <\/p>\n Dated: 12th<\/sup> February, 2015<\/p>\n <\/p>\n Sub:- Press Release on the shift in the <\/p>\n <\/p>\n <\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/sup><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n (Rekha Shukla) <\/p>\n Commissioner <\/p>\n (Media Official Central Board of Government of India Department of Revenue North Block, New Delhi Dated: 12th February, 2015 Sub:- Press Release on the shift in the focus of the department from civil consequences to criminal consequences in serious cases of tax evasion. During 2014-15 (upto Dec, 2014) the ITD has conducted searches in 414 groups and seized … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[55],"class_list":["post-76","post","type-post","status-publish","format-standard","hentry","category-income-tax","tag-criminal"],"yoast_head":"\n
\nof India<\/strong><\/span><\/p>\n
\nof Revenue<\/strong><\/p>\n
\nDirect Taxes<\/strong><\/p>\n
\nBlock, New Delhi<\/strong><\/p>\n
\nfocus of the department from civil consequences to criminal consequences in
\nserious cases of tax evasion.<\/strong><\/p>\n\n
\n2014-15 (upto Dec, 2014) the ITD has conducted searches in 414 groups and
\nseized undisclosed assets of Rs. 582 crore. Undisclosed income of Rs. 6769
\ncrore has been admitted by the tax payers during such searches. The undisclosed
\nincome detected as a result of further enquiries is however much more.<\/li>\n<\/ul>\n\n
\n1174 surveys conducted upto November, 2014 led to detection of undisclosed
\nincome of Rs. 4673 crore.<\/li>\n<\/ul>\n\n
\nof investigation in the Income Tax Department (ITD) had so far been on civil
\nconsequences i.e. revenue augmentation.<\/li>\n<\/ul>\n\n
\nits crusade against black money and with a view to have credible deterrence
\nagainst generation of black money, the Government has shifted the focus to<\/strong>
\nsuccessfully prosecute the offenders in shortest possible time.<\/strong><\/li>\n<\/ul>\n\n
\nattempt to evade tax is a serious offence punishable under Section 276C of the
\nIncome Tax Act, 1961 with imprisonment upto 7 years and fine.<\/li>\n<\/ul>\n\n
\nthe current year 628 prosecution complaints have been filed upto December, 2014
\n56 of such prosecution complaints relate to offences concerning undisclosed
\nforeign income.<\/li>\n<\/ul>\n
\nof Income Tax<\/p>\n
\n& Technical Co-ordination)<\/p>\n
\nSpokesperson<\/p>\n
\nDirect Taxes<\/p>\n","protected":false},"excerpt":{"rendered":"