Meaning of certain terms in this scheme

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nd any other levy/fee imposed or imposable under the Income-tax Act, 1961 and/or the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (ii) 'Additional taxes realizable' means Income-tax and surcharge, if any, which is payable on the amount of income directly attributable to the information given by the informant out of total additional income detected as per A....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ector of Income Tax (Investigation) and includes Assistant Director of Income Tax (Investigation) (viii) DGIT (Inv.) means Director General of Income Tax (Investigation) (ix) 'Foreign person' means an individual or a group of individuals residing outside India. (x) 'Group of cases' means cases in which the information given by the Informant are linked in a material way with each other with r....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....A separately and his entitlement for reward shall be computed with reference to the additional tax realized or realizable which is directly attributable to the information provided in each Annexure - A. (xii) `Investigation conducted by Investigation Directorate' includes search & seizure u/s 132, survey u/s 133A, enquiry u/s 131 and enquiry u/s 133(6) of the Income-tax Act, 1961. (xiii) ITSC ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tes. If relevant cases are spread across more than one Investigation Directorate, substantial tax evasion means evasion of taxes of not less than ₹ 5,00,00,000 (Rupees Five crore or Fifty million) in aggregate in such cases on undisclosed income detected by Investigation Directorates concerned. (xviii) 'Undisclosed Income detected by Investigation Directorate' means undisclosed income dete....