Section 135 of ITA, 1961 : Section 135: Power Of Principal Director General Or Director General Or Principal Director Or Director, Principal Chief Commissioner Or Chief Commissioner Or Principal Commissioner Or Commissioner And Joint Commissioner

Explanation using Example

Imagine a scenario where a large corporation is suspected of tax evasion. The tax authorities decide to investigate the company's financial records and transactions. Under Section 135 of The Income-tax Act, 1961, a Principal Commissioner of Income Tax is assigned to the case. The Principal Commissioner has the power to conduct enquiries just like an Assessing Officer would. This means that the Principal Commissioner can scrutinize the company's books, demand information, and summon individuals for questioning to gather evidence and determine if the company has indeed evaded taxes.