Power to call for information: statutory authority mandates prescribed persons and banks to furnish tax-related information for investigations. The Board may require any prescribed person to furnish information and direct prescribed income-tax authorities to call for information in prescribed ... Summary
Power to call for information: statutory authority mandates prescribed persons and banks to furnish tax-related information for investigations.
The Board may require any prescribed person to furnish information and direct prescribed income-tax authorities to call for information in prescribed form, manner and time. An income-tax authority not below Income-tax Officer may independently require any person to furnish information relevant to inquiries or proceedings, specifying form, manner and time, and the term "person" includes a banking company and its officers.
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