Section 248 Income Tax Act 2025 Powers to requisition 248. (1) Where the approving authority, in consequence of information in his possession, has reason to believe that— (a) any person to whom a summons under section 131(1) or a notice under section 142(1) of the Income-tax Act, 1961 (43 of 1961) or summons under section 246(1), or notice under section 268(1) of this… Read More »
Section 249 Income Tax Act 2025 Reasons not to be disclosed. 249. The reason to believe or reason to suspect, as referred to in section 247 or 248, recorded by the income-tax authority shall not be disclosed to any person or authority or the Appellate Tribunal.
Section 115I Income Tax Act 2025 Chapter not to apply if the assessee so chooses. 115-I. A non-resident Indian may elect not to be governed by the provisions of this Chapter for any assessment year by furnishing [his return of income for that assessment year under section 139 declaring therein] that the provisions of this Chapter shall not… Read More »
Section 115H Income Tax Act 2025 Benefit under Chapter to be available in certain cases even after the assessee becomes resident. 115H. Where a person, who is a non-resident Indian in any previous year, becomes assessable as resident in India in respect of the total income of any subsequent year, he may furnish to the [Assessing] Officer… Read More »
Section 250 Income Tax Act 2025 Application of seized or requisitioned assets. 250. (1) The amount of the following liabilities may be recovered out of the assets seized under section 247 or requisitioned under section 248 in the following manner, namely:— (a) the amount of any existing liability (other than advance tax payable under the provisions of Part C of… Read More »
Section 251 Income Tax Act 2025 Copying, extraction, retention and release of books of account and documents seized or requisitioned. 251. (1) Where the authorised officer referred to in section 247(1) has no jurisdiction over the person referred to in section 247(1)(a) or (b), assets and material seized or requisitioned under section 247(1) to 247(4) shall be handed over to the Assessing Officer… Read More »
Section 252 Income Tax Act 2025 Power to call for information. 252. (1) The Assessing Officer, the Joint Commissioner or the Joint Commissioner (Appeals) or the Commissioner (Appeals) may, for the purposes of this Act, require any— (a) person, including a banking company or any officer thereof, to furnish, within such time, requisite information or to… Read More »
Section 253 Income Tax Act 2025 Powers of survey. 253. (1) Irrespective of anything contained in any other provision of this Act, an income-tax authority may enter any place at which a business or profession, or activity for charitable purpose is carried on, whether such place be the principal place or not of such business or… Read More »
Section 254 Income Tax Act 2025 Power to collect certain information. 254. (1) Irrespective of anything contained in any other provision of this Act, an income-tax authority may, for the purposes of collecting any information which may be useful for, or relevant to, the purposes of this Act, enter— (a) any building or place within the limits… Read More »
Section 255 Income Tax Act 2025 Power to inspect registers of companies. 255. The Assessing Officer, assessment unit, verification unit, the Joint Commissioner or the Joint Commissioner (Appeals) or the Commissioner (Appeals), or any person subordinate thereof and authorised in writing in this behalf by such officer or authority, may inspect, and if necessary, take copies, or… Read More »