Power of survey: inspection and information requisition expanded to verify withholding tax, with revised custody limits. Amendment inserts sub-section (2A) to section 133A granting an income-tax authority power to enter, after sunrise and before sunset, offices or places of business within assigned areas to verify that tax has been deducted or collected at source, and to require persons present to permit inspection of books and documents and to furnish information. It also increases the period for which books or documents may be retained without higher approval to fifteen days (exclusive of holidays), expands the list of officers whose approval is required for longer retention, and provides that actions under clause (ia) or clause (ii) of sub-section (3) shall not be taken by authorities acting under sub-section (2A).
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Power of survey: inspection and information requisition expanded to verify withholding tax, with revised custody limits.
Amendment inserts sub-section (2A) to section 133A granting an income-tax authority power to enter, after sunrise and before sunset, offices or places of business within assigned areas to verify that tax has been deducted or collected at source, and to require persons present to permit inspection of books and documents and to furnish information. It also increases the period for which books or documents may be retained without higher approval to fifteen days (exclusive of holidays), expands the list of officers whose approval is required for longer retention, and provides that actions under clause (ia) or clause (ii) of sub-section (3) shall not be taken by authorities acting under sub-section (2A).
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