133
This query is : Resolved
Neeraj Sharma
(Querist)
31 December 2011
dear Sir please explain sec 133
CA PARAS BAFNA
(Expert)
31 December 2011
Section 133 is an empowering section. It gives powers to the AO for making an inquiry
in connection with any purpose of this Act.
These powers may be exercised when any assessment proceeding is going on. Inquiry can be made with third parties having any connection with the assessee.
.
Certain restrictions have also been imposed
in cases where proceeding is not going on. In such cases the low ranked authority has to take prior approval of Director or Commissioner.
in connection with any purpose of this Act.
These powers may be exercised when any assessment proceeding is going on. Inquiry can be made with third parties having any connection with the assessee.
.
Certain restrictions have also been imposed
in cases where proceeding is not going on. In such cases the low ranked authority has to take prior approval of Director or Commissioner.
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