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Information u/s 133(6)

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Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2011 Can an AO call for information from Governement Departments (say Sub Registrar or Banks) with regard to transactions exceeding certain limits in common (eg who ever registered property in excess of 5 lakhs )?
If yes, can he in turn question each person out the list obtained above,the sources for the said transactions in each case even if no assessment is pending before him.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 February 2011 The AO can seek information u/s 133(6) though there is no proceedings pending before him / her.

Citation :-

HIGH COURT OF KERALA
Kechery Service Co-operative Bank Ltd.
v.
Commissioner of Income-tax
G. SIVARAJAN AND J.M. JAMES, JJ.
WRIT APPEAL NOS. 322, 330 TO 333, 343, 346, 347, 351, 352, 357, 358
AND 367 TO 372 OF 2003
FEBRUARY 25, 2003

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