The search and survey operations conducted by the Income tax department, commonly known as Income tax raids, has always been one of the worst nightmares of businessmen, high net worth assessees and corporates. The premise of this dread is generally the huge tax burden, massive penalty payments and even possible prosecution actions which may lead to a catastrophic effect on the business and mental tortures faced by the assessees.

Though surveys are not dreaded as much as search and seizure operations, often they are considered to be a step towards such operations. Most of the fears for such operations are valid and the negative impacts are generally unavoidable, though the impact can be much lesser if the assessee has reasonable knowledge about various aspects relating to the raids.

Suresh Anchaliya & Co. have a unique expertise and knowledge in handling search, seizure and prosecution cases and litigation. Our endeavor is to advise our clients through all the stages of the search and seizure operations in order to mitigate the hardship of tax burden and penalty payments by assisting them with the assessment and litigation and the related compliances.