Exercise of section 133 powers: notified income-tax authority may act for section 90/90A agreements even without pending proceedings. A proviso permits a notified income-tax authority under sub-section (2) of section 131 to exercise all powers under section 133 for agreements under section 90 or section 90A, notwithstanding that no proceedings are pending before it or any other income-tax authority; effective from 1 June 2011.
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Provisions expressly mentioned in the judgment/order text.
Exercise of section 133 powers: notified income-tax authority may act for section 90/90A agreements even without pending proceedings.
A proviso permits a notified income-tax authority under sub-section (2) of section 131 to exercise all powers under section 133 for agreements under section 90 or section 90A, notwithstanding that no proceedings are pending before it or any other income-tax authority; effective from 1 June 2011.
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