Section 133C - Power to call for information by prescribed income-tax authority. - Income-tax Act, 1961

Extract

1 [Power to call for information by prescribed income-tax authority. 133C. 2 [ (1) ] The prescribed income-tax authority, may for the purposes of verification of information in its possession relating to any person, issue a notice to such person requiring him, on or before a date to be specified therein, to furnish information or documents verified in the manner specified therein, which may be useful for, or relevant to, any inquiry or proceeding under this Act. 3 [ (2) Where any information or document has been received in response to a notice issued under sub-section (1), the prescribed income-tax authority may process 5 [ and utilise such information and document in accordance with the scheme notified under sub-section (3) or the provisions of section 135A ] . ] 4 [ (3) The Board may make a scheme for centralised issuance of notice and for processing of information or documents and making available the outcome of the processing to the Assessing Officer. ] 6 [ (4) The scheme made under sub-section (3) shall cease to have effect from the date on which the scheme notified under section 135A in respect of this section comes into effect. ] Explanation. - In this section, the term proceeding shall have the meaning assigned to it in clause (b) of the Explanation to section 133A ] ------------------------- 1. Inserted vide THE FINANCE (No. 2) ACT, 2014 w.e.f. 1st day of October, 2014 2. Renumbered as sub-section (1) vide THE FINANCE ACT, 2016 w.e.f. 1st day of June, 2016. 3. Inserted vide THE FINANCE ACT, 2016 w.e.f. 1st day of June, 2016. 4. Inserted vide THE FINANCE ACT, 2017 w.e.f. 1st day of April, 2017. 5. Substituted vide THE TAXATION AND OTHER LAWS (RELAXATION AND AMENDMENT OF CERTAIN PROVISIONS) ACT, 2020 dated 29-09-2020 w.e.f. 01-11-2020 before it was read as such information or document and make available the outcome of such processing to the Assessing Officer 6. Inserted vide THE TAXATION AND OTHER LAWS (RELAXATION AND AMENDMENT OF CERTAIN PROVISIONS) ACT, 2020 dated 29-09-2020 w.e.f. 01-11-2020

15/2022 - Dated: 28-3-2022 - Income Tax - Faceless Jurisdiction of Income-tax Authorities Scheme, 2022
137/2021 - Dated: 13-12-2021 - Income Tax - e-Verification Scheme, 2021
24/2021 - Dated: 31-3-2021 - Income Tax - Section 120(1), (2) and (5) of the Income-Tax Act, 1961 - Jurisdiction of Income tax Authorities
03/2021 - Dated: 12-1-2021 - Income Tax - Central Government makes the directions of Faceless Penalty Scheme, 2021
66/2020 - Dated: 13-8-2020 - Income Tax - Central Board of Direct Taxes authorizes the Principal Commissioners of Income-tax (Regional e-Assessment Centre) (Verification Unit)
62/2019 - Dated: 12-9-2019 - Income Tax - Central Government makes the directions giving effect to the E-assessment Scheme, 2019
19/2019 - Dated: 13-3-2019 - Income Tax - U/s 120(1) and (2) of the Income-Tax Act, 1961 - Jurisdiction of Income tax Authorities
05/2019 - Dated: 30-1-2019 - Income Tax - Centralised Verification Scheme, 2019
04/2019 - Dated: 30-1-2019 - Income Tax - Income–tax (1st Amendment) Rules, 2019
12/2018 - Dated: 22-2-2018 - Income Tax - Centralised Communication Scheme, 2018
48/2014 - Dated: 30-9-2014 - Income Tax - Income-tax (10th Amendment) Rules, 2014 - Prescribed authority under section 133C