Tag Archives: enquiry

Enquiry by Assessing Officer u/s 133 of Income Tax, does not violate right to privacy

By | November 24, 2016

Issue whether collection of information / inquiry by Assessing Officer u/s 133(6)  intrudes into ‘privacy’ of the members of the petitioner Banks and that the right of privacy is an integral part of Article 21 of the Constitution of India therefore whether word  “inquiry” in Section 133 (6) of the Income Tax Act, 1961 and… Read More »

Cash Deposit more than Rs 250000 – Income Tax Notice u/s 133 for enquiry

By | November 24, 2016

Cash Deposit more than Rs 250000 and Income Tax Notice u/s 133 for enquiry Section 133 of Income Tax Act gives power to the assessing officer to call for information.Sub section 6 of this section narrates that,the AO has the power to direct any person, banking company or from any of its officer, to furnish… Read More »

Section 133(6) notice could be validly issued even if no proceeding or enquiry pending

By | November 24, 2016

Held “In the instant case, by the impugned notice the assessing authority sought for information in respect of its customers which have cash transactions or deposits of Rs. 1,00,000/- or above for a period of three years, without reference to any proceeding or enquiry pending before any authority under the Act. Admittedly, in the present case… Read More »