Centralized issuance of notice under Income Tax Act : Section 133C.

By | March 1, 2018
(Last Updated On: March 1, 2018)

CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL]DATED 15-2-2018

56. Legislative framework to enable centralised issuance of notice and processing of information under section 133C.

56.1 Section 133C of the Income-tax Act empowers the prescribed income-tax authority to issue notice calling for information and documents for the purpose of verification of information in its possession.

56.2 In order to expedite verification and analysis of the information and documents so received, section 133C of the Income-tax Act has been amended to empower the Central Board of Direct Taxes to make a scheme for centralised issuance of notice calling for information and documents for the purpose of verification of information in its possession, processing of such documents and making the outcome thereof available to the Assessing Officer for necessary action, if any.

56.3 Applicability: This amendment takes effect from 1st April, 2017.

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