9911796707
TMI Blog1999 (6) TMI 2X X X X Extracts X X X X X X X X Extracts X X X X ..... e deposits of Rs. 50,000 and above during the financial year 1997-98, i.e., from April 1, 1997 to March 31, 1998. The information was required to be furnished within one week in respect of the name of the depositors/deposits, complete postal address of the depositor, amount and date of deposit, rate of interest and term of deposit. It was mentioned that the Director of Income-tax (Investigation) d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s will be useful for, or relevant to, any inquiry or proceeding under this Act. The information which is desired could be asked by the Assessing Officer and the appellate authority and, therefore, has to be in relation to any enquiry or proceedings under the Act. The word "proceeding" has been interpreted in a number of cases to refer to the pending or existing proceeding on the date of issue of n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be exercised by virtue of the second proviso of section 133(6). That enquiry could be even in a case where no proceedings are pending. It has not come on record that the Commissioner or the Director has given the approval in the present case. From the notice issued it is not evident that any proceeding under the Act were pending or for the purpose of the enquiry the approval of the Commissioner o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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