Asset disclosure obligations enable assessors to obtain asset and debtor details to expedite tax recovery. Assessing officers must obtain, in all scrutiny cases other than salary cases, particulars of an assessee's movable and immovable assets - including debtor names and addresses, bank accounts and deposits - by using assessment enquiry powers to enable early recovery of outstanding tax demands.
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.
Asset disclosure obligations enable assessors to obtain asset and debtor details to expedite tax recovery.
Assessing officers must obtain, in all scrutiny cases other than salary cases, particulars of an assessee's movable and immovable assets - including debtor names and addresses, bank accounts and deposits - by using assessment enquiry powers to enable early recovery of outstanding tax demands.
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