2002 (2) TMI 9

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..... tive Bank Ltd. Versus Income Tax Officer And Others Gurusiddheshwar Co-operative Bank Ltd. Versus Income Tax Officer And Others Judge(s)  : B. N. KIRPAL. and ARIJIT PASAYAT. ORDER It is contended by learned senior counsel for the petitioner that the High Court has wrongly construed the provisions of section 133(6) of the Income tax Act, 1961, and the notice dated July 7, 2000, under .....

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..... tements of accounts and affairs verified in the manner specified by the Assessing Officer, the Deputy Commissioner (Appeals), the Joint Commissioner or the Commissioner (Appeals), giving information in relation to such points or matters as, in the opinion of the Assessing Officer, the Deputy Commissioner (Appeals), the Joint Commissioner or the Commissioner (Appeals), will be useful for, or releva .....

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..... ter alia, requiring a banking company to furnish information in respect of such points or matters as may be useful or relevant. The second proviso makes it clear that such information can be sought for even when no proceeding under the Act is pending, the only safeguard being that before this power can be invoked the approval of the Director or the Commissioner, as the case may be, has to be obtai .....

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