Power to call head office accounts permitted where documents are relevant and officer applies independent judgment. The ITO has powers under section 142(1) to call for head office books when those books are relevant to making an assessment, but may call only such ... Summary
Power to call head office accounts permitted where documents are relevant and officer applies independent judgment.
The ITO has powers under section 142(1) to call for head office books when those books are relevant to making an assessment, but may call only such records as he considers, after an application of mind, necessary; blanket demands are not permitted and there must be evidence showing the ITO's considered decision to require production.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
