Power to call for information : Section 133 - Income Tax - Ready Reckoner - Income Tax

Power to call for information : Section 133 The Assessing Officer, the Deputy Commissioner (Appeals), the Joint Commissioner or the Commissioner (Appeals) [ the Joint Commissioner (Appeals) or the Commissioner (Appeals) ( Amended by F.Y. 2023 ) ] may require any firm to furnish him with a return of the names and addresses of the partners of the firm and their respective shares [ clause (1) of section 133 ] require any Hindu undivided family to furnish him with a return of the names and addresses of the manager and the members of the family [ clause (2) of section 133 ] require any person whom he has reason to believe to be a trustee, guardian or agent, to furnish him with a return of the names of the persons for or of whom he is trustee, guardian or agent, and of their addresses [ clause (3) of section 133 ] Require any assessee to furnish a statement of names and addresses of all person to whom he has paid in any previous year rent, interest, commission, royalty or brokerage or annuity together with the particulars of all such payments. [ clause (4) of section 133 ] Require any dealer, broker or agent or director of a stock or commodity exchange to furnish a statement of the names and addresses of all persons who has purchased or sold shares or commodities. [ clause (5) of section 133 ] Require any person, including a banking company or any officer thereof, to furnish information or furnish statement of accounts giving information on various matters which will be useful for or relevant to any Inquiry or proceedings under the Act. [ clause (6) of section 133 ] However, the powers referred to in clause ( 6 ), may also be exercised by the Principal Director General or Director-General, the Principal Chief Commissioner or Chief Commissioner, the Principal Director or Director or the Principal Commissioner or Commissioner or the Joint Director or Deputy Director or Assistant Director. However, the power in respect of an inquiry, in a case where no proceeding is pending, shall not be exercised by any income-tax authority below the rank of Principal Director or Director or Principal Commissioner or Commissioner , other than the Joint Director or Deputy Director or Assistant Director, without the prior approval of the Principal Director or Director or, as the case may be, the Principal Commissioner or Commissioner However for the purposes of an agreement referred under section 90 or 90A , an income-tax authority notified under section 131(2) may exercise all the powers in respect of inquiry conferred under this section, notwithstanding that no proceedings are pending before it or any other income-tax authority.