Section 133A of ITA, 1961 : Section 133A: Power Of Survey

Explanation using Example

Imagine a small business owner, Mrs. Sharma, who runs a boutique in her local town. The Income Tax Department receives information suggesting that Mrs. Sharma may not be declaring all her sales in her tax returns, possibly to evade taxes. An Assessing Officer (AO), who has jurisdiction over the area where Mrs. Sharma's boutique is located, decides to take action under Section 133A of the Income-tax Act, 1961.

One afternoon, the AO, along with an Inspector of Income-tax, visits Mrs. Sharma's boutique. Upon arrival, they identify themselves and inform Mrs. Sharma that they are there to conduct a survey under Section 133A. They request to inspect her sales books, purchase invoices, and other relevant documents ...

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