Press Information Bureau

Government of India

Ministry of Finance

23-November-2012 16:58 IST

The Income tax Department conducts search and seizure operations based on the credible companies, association of ‘persons’ which includes individuals, hindu undivided families (HUFs), firms, companies, association of persons (AoPs), body of individuals (BoIs), local authorities and any artificial juridical person who are in possession of any money, bullion, jewellery, documents or any other valuable article or thing which represents undisclosed income of the person.  These are carried out in cases of persons engaged in diversified businesses/professions spread all over the country.  The Income tax Department does not maintain Sate wise details of such operations centrally.  However, the details with reference to the jurisdictional Directorates General of Income tax (Investigation) are as under:- 

Evidences gathered during the search proceedings are used in assessment and reassessment of income of such persons.  Prosecution is launched in appropriate cases under various provisions of the Direct Tax Laws.

This information was given by the Minister of State for Finance, Shri   Namo Narain   Meena in written reply to a question in Lok  Sabha today.

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DSM/RS/bs

Search and seizure operations target undisclosed income and support tax assessments and prosecutions. Income-tax search and seizure operations target credible entities and arrangements believed to represent undisclosed income, including individuals, HUFs, firms, companies, associations of persons, bodies of individuals, local authorities and other juridical persons in possession of money, bullion, jewellery, documents or other valuable articles; evidentiary material seized is used in assessment and reassessment of income and may lead to prosecution under the Direct Tax laws.