« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  New Income Tax Act to come into force from Apr 1, '08... Why take advantage of an assessee's ignorance... » Indian, HPCL face service tax evasion charge September, 09th 2006 Public sector airline Indian, SAP India and Hindustan Petroleum Corporation (HPCL) have come under fire from Directorate General of Central Excise Intelligence for non-payment of service tax. DGCEI had found service tax evasion to the tune of over Rs 50 crore by these companies during April-July 06. In the case of Indian (erstwhile Indian Airlines), which has a liability of Rs 27.30 crore, DGCEI found that it was receiving services of ticketing, reservation, passenger care, maintenance and repair service from various global service agents located overseas. Such services, received by a person who has an establishment in India, have become taxable. The case is pending further investigation. Bangalore-based SAP India was found guilty of non-payment of service tax to the tune of Rs 25 crore. SAP India has signed a franchisee agreement with its parent company situated outside India and was receiving franchisee services from the parent. While SAP was liable to pay service tax, it did not do so even after summons. After a probe was launched, the company voluntarily deposited Rs 14.96 crore. The case is being further investigated now. HPCL was found not paying service tax under the category of goods transport agency with effect from January 1, 05. The company had taken a service tax registration. After initiation of investigations, the company voluntarily paid the entire tax liability of Rs 4.49 crore.