TaxTMI 
TaxTMI 
Liability of Duty for unaccounted income
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....iability of Duty for unaccounted income<br> Query (Issue) Started By: - NAVIN SINGHAL Dated:- 14-9-2009 Last Reply Date:- 14-9-2009 Central Excise<br>Got 1 Reply<br>Central Excise<br>CAN EXCISE / SALE....
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....S 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 ASS....
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....OCIATES 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.<br> Discussion Forum - Knowledge Sharing ....