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of <h1>New Section 133C in Finance Bill 2014 Empowers Tax Authorities to Verify Information and Issue Notices from October 1, 2014.</h1> A new section 133C is proposed to be added to the Finance (No. 2) Bill, 2014, empowering prescribed income-tax authorities to verify information about any person. This section allows authorities to issue notices requiring individuals to provide specified information or documents for verification, which may be relevant to inquiries or proceedings under the Act. The amendment is set to take effect from October 1, 2014.
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