2003 (6) TMI 471 - HC - Income Tax

Summary

The High Court of Kerala upheld Income-tax Department notices to co-operative banks requesting information on Term Recurring deposits of rupees fifty thousand and above. The notices were found to be in conformity with section 133(6) of the Income-tax Act, 1961. The appeal against the notices was dismissed as a Division Bench had previously affirmed the Single Judge's decision.