In other words, municipal seats will be demarcated together to create a three- and two-member ward system in corporations and councils respectively. The Bombay High Court directed the Maharashtra government and State Election Commission to respond to the two petitions challenging the state Cabinet decision taken on September 22 last year and a Septemordinance, which reintroduced a multi-member ward system for all municipal councils and corporations barring Brihanmumbai Municipal Corporation (BMC), instead of the existing single-member ward system.Īs per the government decision, there will be a three-member ward system in municipal corporations and a two-member ward system in municipal councils. It said several incriminating documents and materials in the form of electronic data were seized and analysis of these "show that the assessee has been suppressing its profit by adopting various malpractices such as artificial lowering of sales through credit notes, bogus claim of expenses through un-substantiated trade payables, non-genuine claim of expenses on unused free-of-charge services, non-verifiable commission expenses to related parties, wrongful deferment of revenue and incorrect claims of depreciation, etc". The Central Board of Direct Taxes (CBDT) frames policy for the tax department. "The search action has led to the detection of total unaccounted income exceeding Rs 200 crore," the CBDT said in a statement. The searches were carried out on November 11 at 25 locations in seven cities.
The Income Tax Department has detected unaccounted income of over Rs 200 crore after it raided a Pune-based business group engaged in the manufacturing of heavy machinery like excavators and cranes, the CBDT claimed on Tuesday.