Section – 133 - Rationalisation of the provisions in respect of power
to call for information -
Under the existing provisions
certain Income tax authorities are empowered to call for information for the
purpose of any enquiry or proceeding under the Act. In case no proceeding is
pending such power cannot be exercised by any Income tax authority below the
rank of Principal Director or Director or the Principal Commissioner or
Commissioner without the previous approval of such authorities.
The amendment seeks to include
Joint Director, Deputy Director and the Assistant Director in the authorities
competent to exercise the power. It also dispenses with the requirement of
seeking prior approval of the Principal Commissioner or Commissioner in case no
proceedings are pending.
The amendment will be effective
from 1st April 2017.