https://www.taxtmi.com/caselaws?id=180229 The Division Bench confirmed the validity of notices issued under s. 133(6) of the IT Act, 1961 to cooperative societies, emphasizing the power conferred under the section for survey purposes. It was established that approval by the Director or CIT was not mandatory for seeking information under s. 133(6). The judgment also addressed the approval requirement for notices calling for cash particulars above Rs. 1 lakh, allowing appellants to seek clarification and mandating the recall of notices issued without proper approval. The deadline for furnishing transaction details was extended, with clear directions provided for compliance with notice requirements and penalty proceedings. en-us Tue, 24 Nov 2009 00:00:00 +0530 Tue, 29 Aug 2023 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180229 The Division Bench confirmed the validity of notices issued under s. 133(6) of the IT Act, 1961 to cooperative societies, emphasizing the power conferred under the section for survey purposes. It was established that approval by the Director or CIT was not mandatory for seeking information under s. 133(6). The judgment also addressed the approval requirement for notices calling for cash particulars above Rs. 1 lakh, allowing appellants to seek clarification and mandating the recall of notices issued without proper approval. The deadline for furnishing transaction details was extended, with clear directions provided for compliance with notice requirements and penalty proceedings. Case-Laws Income Tax Tue, 24 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180229