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of <h1>Income Tax Act Section 133 Amended: 'Inquiry' Added; New Proviso Limits Inquiry Power to Higher Authorities with Approval.</h1> Section 133 of the Income-tax Act was amended by the Finance Act, 1995, effective July 1, 1995. The amendment introduced the inclusion of the term 'inquiry' in clause (6), expanding the scope of information that can be considered useful or relevant. Additionally, a new proviso was added, stipulating that in cases where no proceeding is pending, the power to conduct an inquiry cannot be exercised by income-tax authorities below the rank of Director or Commissioner without prior approval from the Director or Commissioner.
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