Concealment Penalty Proceedings U/S 271(1)(C) of Income Tax Act 1961 Initiated in 128 Cases in which Assessments were Completed While in the Remaining Cases, Assessment Proceedings are at Advance Stage; Information About Hsbc Foreign Bank Accounts was Received from the French Authorities in Respect Of 628 Indian Persons/Entities; Necessary Investigation as Per The Provisions of Law Will be Taken up in all the New Cases Of Foreign Bank Accounts Held By 1195 Indians as Reported in Today’s Media Reports

Concealment Penalty Proceedings U/S 271(1)(C) of Income Tax Act 1961 Initiated in 128 Cases in which Assessments were Completed While in the Remaining Cases, Assessment Proceedings are at Advance Stage; Information About Hsbc Foreign Bank Accounts was Received from the French Authorities in Respect Of 628 Indian Persons/Entities; Necessary Investigation as Per The Provisions of Law Will be Taken up in all the New Cases Of Foreign Bank Accounts Held By 1195 Indians as Reported in Today’s Media Reports https://www.taxtmi.com/news?id=13919 Information from foreign authorities about HSBC accounts led to assessments and initiation of concealment penalty proceedings under section 271(1)(c) in nearly all completed cases; prosecutions for willful tax evasion and failures to furnish documents have also been launched, and cross border information requests and follow up investigations are being pursued under available treaties and based on whistleblower material. en-us Mon, 09 Feb 2015 18:25:54 +0530 Mon, 09 Feb 2015 18:25:54 +0530 TaxTMI RSS Generator Concealment Penalty Proceedings U/S 271(1)(C) of Income Tax Act 1961 Initiated in 128 Cases in which Assessments were Completed While in the Remaining Cases, Assessment Proceedings are at Advance Stage; Information About Hsbc Foreign Bank Accounts was Received from the French Authorities in Respect Of 628 Indian Persons/Entities; Necessary Investigation as Per The Provisions of Law Will be Taken up in all the New Cases Of Foreign Bank Accounts Held By 1195 Indians as Reported in Today’s Media Reports https://www.taxtmi.com/news?id=13919 Information from foreign authorities about HSBC accounts led to assessments and initiation of concealment penalty proceedings under section 271(1)(c) in nearly all completed cases; prosecutions for willful tax evasion and failures to furnish documents have also been launched, and cross border information requests and follow up investigations are being pursued under available treaties and based on whistleblower material. News - Mon, 09 Feb 2015 18:25:54 +0530 https://www.taxtmi.com/news?id=13919