Gift-tax authority broadened to obtain statements from persons and banking companies under amended section of the Gift-tax Act. The amendment replaces references to the Gift tax Officer with the broader term gift tax authority and expressly authorises such authority to obtain any statement or information from any person and from banking companies for the purposes of the Act, thereby broadening the class of officials empowered to seek information and bringing banking companies within the provision's reach.
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Provisions expressly mentioned in the judgment/order text.
Gift-tax authority broadened to obtain statements from persons and banking companies under amended section of the Gift-tax Act.
The amendment replaces references to the Gift tax Officer with the broader term gift tax authority and expressly authorises such authority to obtain any statement or information from any person and from banking companies for the purposes of the Act, thereby broadening the class of officials empowered to seek information and bringing banking companies within the provision's reach.
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