Claim of Undue Tax Exemption by Private Companies

Appropriate action against evasion of taxes, including claims of undue tax exemptions by persons including private companies, is an on-going process. Such action under direct tax laws includes searches, surveys, enquiries, assessments, levy of taxes, penalties, etc, and filing of prosecution complaints in criminal courts, wherever applicable. Separate details in respect of private companies and of undue tax exemption claims are not maintained centrally. Further, disclosure of information regarding specific taxpayers is prohibited except as provided under Section 138 of the Income-tax Act, 1961.

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Rajya Sabha.