Information U/s 133(6) Of Income Tax Act

September 21, 2021 Posting Komentar

Section 133B of IT Act 1961-2020 provides for Power to collect certain information. 6 require any person including a banking company or any officer thereof to furnish information in relation to such points or matters or to furnish statements of accounts and affairs verified in the manner specified by the Assessing Officer the Deputy Commissioner Appeals the Joint Commissioner or the Commissioner Appeals giving information in relation to such points or matters.

It is an essential condition that information should be useful for a present proceeding.

Information u/s 133(6) of income tax act. Notice under section 1336 is just and enquiry initiated by the Income tax officer and not linked with the assessment. As per section 1336 the officers having the power to call for information are officers having the power of assessment or the power of appeal. SO1942 E dated the 19th August 2011.

In instruction no 1943 it is mentioned by CBDT that after receiving the information from CIB assessing officer will use the power under section 1336 of the Act while your office is using the power under section 1336 of the Act. The Assessing Officer the Deputy Commissioner Appeals the Joint Commissioner or the Commissioner Appeals may for the purposes of this Act require any person including a banking company or any officer thereof to furnish information in relation to such points or matters or to furnish statements of accounts and affairs verified in the manner specified by the Assessing Officer the Deputy. Where a notice as above is received the person should respond to the officer by way of an appropriate submission providing requisite details.

The amended provision of section 133B is effective for financial year 2020-21 relevant to the assessment. As per Section 1336 of the Act the specified authorities have the power to call such information andor documents from any person by issuing. Issue of notice under section 133 6 of the Income-tax Act 1961 for verification of cash deposits under Operation Clean Money-regd-.

The banking companies including nationalised banks are not immune from any enquiry under section 1336 any banking company including nationalised banks can. 32017 dated 21022017 in file of even number CBDT has issued a SOP to be followed by the Assessing Officers for Online Verification of Cash Transactions pertaining to the demonetisation periodIn continuation thereof the Board hereby prescribes a Template to be used for issue of notices under section 1336 of the Income-tax Act 1961 The Act in appropriate. Recently we have discussed in detail section 133A Power of survey of IT Act 1961.

Power under section 1336 can only be sued where no proceeding pending under the Act only by the Commissioner or Director. Section 133 - Power to call for information - Income-tax Act 1961. Information us 133 6 of the Income Tax Act 1961 for Recovery of outstanding demand.

133 6 of Income Tax Act. When the information is obtained in connection with a pending. Section 133 6 of the Income Tax Act enables the Income Tax Authorities to compel Banks and other Authorities to furnish such information which will be useful in connection with any pending proceeding or an enquiry.

North Block New Delhi dated the 3 rd of March 2017. The officers of the field formation are making enquiries us 133 6 of the Income Tax Act 1961 on the basis of information available in the AIMS Module of the ITBA which includes NMS cases and also on the basis of AIR data earlier shown in ITD but presently not visible. These officers should be satisfied that the information which is asked by them have a connection with the proceedings under the Act.

The language of section 1336 does not to include any future proceeding. Today we learn the provisions of section 133B of Income-tax Act 1961. Claim any immunity from proceedings under section 1336 of the Income Tax Act and all such institutions are bound to furnish information called for though general in nature.

Vide Instruction No. The object of amendment of section 1336 by the 1336 by the Finance Act 1995 Act 22 of 1995 as explained by the CBDT in its circular shows that the legislative intention was to give wide powers to the officers of course with the permission of the CIT or the Director of Investigation to gather general particulars in the nature of survey and store those details in the computer so that the data so. The investigative power includes demanding information that is relevant for any proceedings under the Income Tax Act.

Information 133 6 notice reply Income Tax Goods and services Tax GST Service Tax Central Excise Custom Wealth Tax Foreign Exchange Management FEMA Delhi Value Added Tax DVAT SEZ Special Economic Zone LLP Limited Liability partnership Firm Trust Society Company Laws DTAA Notifications Circulars Case Laws Statutory Provisions. 10-12-2014 - Section 120 1 and 2 of the Income-Tax Act 1961 - Jurisdiction of Income tax Authorities Supersession of Notification No. Attention of the trading members is invited to the letter FNoITOWard 6.

Power to Call for Information Us Sec. Notice us 1336 of income tax act In 19th November 2019 I receive a notice from IT Dept. Section 1336 in The Income- Tax Act 1995 6 require any person including a banking company or any officer thereof to furnish information in relation to such points or matters or to furnish statements of accounts and affairs verified.

Section 1336 is a section in the Income Tax Act which grants investigative power to the assessing officers. 32017 dated 21022017 in file of even number CBDT. In the response you may either like to reproduce details sought in the response folowed by your details alternatively append 1336 notice along with this response.

133 6 for cash deposited during demonetisation. The notice for the assessment can take place only if the officer issue the notice for the purpose of assessment and aginst some income tax return you have filed. Section 1336 Power to call for information.

US 1336 asking for certain information from my end regarding purchase transaction of Capital Asset way back in PY 2015-16 and due of notice for replying was 22nd November 2019. Section 1336 does not speek of enquiry but enquiry under the Income Tax ActThere are provisions for enquiry under IT Act 1961 in Sec131135145245273 etcIn my opinion Section 1336 referes to these specific Sections. 24 November 2011 the info sought us 1336 is a factual detail and should be given out without further delay.

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