Tag Archives: section 13(3)

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 »

Section 133 of Income Tax Act 1961 -AO power to Call for Information

By | November 24, 2016

Section – 133 of Income Tax Act 1961 Power to call for information. 133. The 92 [Assessing] Officer, the 93 [Deputy Commissioner (Appeals),] 94 [the 95.[Joint Commissioner] or the Commissioner (Appeals)] may, for the purposes of this Act,— (1) require any firm to furnish him with a return of the names and addresses of the… Read More »

Notice from Income Tax to Taxpayers : Intimate Cash in Hand on 08.11.2016

By | November 16, 2016

People are receiving notice u/s 133(6) of Income Tax to intimate them Cash in Hand as on 31st March, 2016 and 8th November, 2016. Extract from Notice: SUB: Request for information u/s 133(6) regd You may be aware that Government of India vide their Notification dated 8 November 2016 have withdrawn the Legal Tender status… Read More »

Companies (Accounts) Amendment Rules 2016 Notified

By | July 28, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th July,2016 G.S.R. 742(E).— In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134 and section 138 read with section 469 of the Companies… Read More »

Donation by charitable trust to another charitable trust allowed as application of income

By | June 8, 2016

Held We hold that when the donation given by one trust to another trust out of current year’s income is permitted in section 11 of the Act as an application of income, the same cannot be curtailed by another provision of the Act (i.e section 13(1)(c ) (ii) read with section 13(3) of the Act)… Read More »