Power to call for information: tax authorities may compel verified disclosures and targeted payment reporting under the Act. Section 252 empowers specified income-tax authorities to require persons, banks, firms, HUFs, trustees, guardians, agents, assessees and market intermediaries to furnish verified information, returns and particulars relevant to enquiries or proceedings under the Act, including partner/member identification and disclosure of recipients of payments above a prescribed threshold; it permits delegation to competent authorities or Assistant Directors and imposes prior-approval and notification-based limits on lower-ranking authorities when no proceeding is pending.
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.
Power to call for information: tax authorities may compel verified disclosures and targeted payment reporting under the Act.
Section 252 empowers specified income-tax authorities to require persons, banks, firms, HUFs, trustees, guardians, agents, assessees and market intermediaries to furnish verified information, returns and particulars relevant to enquiries or proceedings under the Act, including partner/member identification and disclosure of recipients of payments above a prescribed threshold; it permits delegation to competent authorities or Assistant Directors and imposes prior-approval and notification-based limits on lower-ranking authorities when no proceeding is pending.
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