Powers to investigate suspected concealment of net wealth expanded to permit inquiries even without pending proceedings. A new sub-section empowers senior wealth-tax officers to exercise the powers of wealth-tax authorities to inquire or investigate where they have reason to suspect concealment of net wealth by any person or class within their jurisdiction, even if no proceedings are pending. The proviso in sub-section (3) is amended to include Director General and Director among the authorities listed alongside the Chief Commissioner and Commissioner.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Powers to investigate suspected concealment of net wealth expanded to permit inquiries even without pending proceedings.
A new sub-section empowers senior wealth-tax officers to exercise the powers of wealth-tax authorities to inquire or investigate where they have reason to suspect concealment of net wealth by any person or class within their jurisdiction, even if no proceedings are pending. The proviso in sub-section (3) is amended to include Director General and Director among the authorities listed alongside the Chief Commissioner and Commissioner.
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