Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARDS :: empanelment :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: Central Excise rule to resale the machines to a new company :: VAT Audit :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARD
 
 
« General »
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners

IT department asked hardline Geelani to pay Rs. 1.73 crore in tax dues
October, 28th 2010

Income Tax department has asked hardline Kashmiri separatist leader Syed Ali Shah Geelani to pay Rs 1.73 crore in tax dues over a period when he had not filed his returns after rejecting his appeal.

The IT sleuths, who had swooped on residences of Geelani and his family members in 2002 and seized valuable items including a diamond-studded watch gifted by Pakistan Government, had raised a tax demand of over Rs 1.5 crore.

Geelani challenged the demand and approached the Commissioner of Income Tax (appeals) for review of the case and also sought a waiver, saying he did not earn anything other than the pension from Government of Jammu and Kashmir and from agriculture land.

The case dragged on for nearly three years and recently the appeal was dismissed after which he was asked to deposit Rs 1.73 crore as tax liabilities by the end of 2010.

Geelani, who heads the breakaway faction of Hurriyat Conference, has still the option to go to the Income Tax Appellate Tribunal (ITAT).

The Tax Department had raised the demand of Rs 1.73 crore against the firebrand Jamaat-e-Islami leader after giving him ample opportunities to furnish answers to a questionnaire about his sources of income.

The questionnaire followed an assessment of Geelani's wealth by the department following a series of raids conducted at his house and other places in June 2002.

The department had raided Geelani's house and other places of his kin on June 9, 2002 and seized Rs 10.2 lakh and 10,000 US dollars in cash, vouchers showing purchase of substantial amount of jewellery, a diamond-encrusted watch inscribed with "From Pakistan Government" besides documents pertaining to purchase of property and vehicles.

Geelani had shown an annual income of Rs 17,100--Rs 7,100 as pension from the state Assembly as a former MLA and Rs 10,000 as agriculture income.

However, according to the assessment made by the Income Tax Department, the monthly expenditure of Geelani allegedly ranged from Rs one lakh to Rs 1.5 lakh as he had 15 servants at his house and his wife had confirmed that she used to get Rs 25,000 per month for kitchen expenses.

When asked to comment, Geelani said he had not received the notice as yet and would like to first understand the grounds of rejection before reacting.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions