[ad_1] The high court has quashed the August 11, 2021 notice issued by the Income Tax department to Jitendra Virwani, chairman of Embassy Group, under Section 10 of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 on the premise that he and his family were...
I-T wing’s lens on offshore payments by Indian companies now, Legal News, ET LegalWorld – Legal Firms
[ad_1] The hunt for black money in foreign shores is broadening from individuals to companies. For the first time, the Foreign Asset Investigation Unit (FAIU), a wing of the Income Tax (I-T) department, has sent notices to local companies, including a few listed entities. Till now, enquiries carried out by...