Power to call for information by prescribed income-tax authority.
*Section 133C of the Income-tax Act shall be renumbered as sub-section (1) thereof and after sub-section (1) as so renumbered, the sub-section (2) shall be inserted w.e.f. 1st day of June, 2016, namely:—
133C. *(1) The prescribed income-tax authority, may for the purposes of verification of information in its possession relating to any person, issue a notice to such person requiring him, on or before a date to be specified therein, to furnish information or documents verified in the manner specified therein, which may be useful for, or relevant to, any inquiry or proceeding under this Act.
Explanation.––In this section, the term “proceeding” shall have the meaning assigned to it in clause (b) of the Explanation to section 133A.’.
*(2) Where any information or document has been received in response to a notice issued under sub-section (1), the prescribed income-tax authority may process such information or document and make available the outcome of such processing to the Assessing Officer. (Inserted w.e.f. 1st June, 2016) |