Section 133C of ITA, 1961 : Section 133C: Power To Call For Information By Prescribed Income-Tax Authority

Explanation using Example

Imagine that the Income Tax Department has received information indicating that Mr. Sharma, a restaurant owner, may not be reporting all of his income. An income-tax authority, utilizing the powers granted under Section 133C of the Income-tax Act, 1961, issues a notice to Mr. Sharma. The notice requires him to furnish specific financial documents and information, such as bank statements and sales records, by a certain date, and to verify the information as per the instructions ...

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