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Privileged information---Fishing inquiry--- Petitioner Bank assailed notice issued by income tax authorities regarding providing of details in connection with debit/credit card machines installed by petitioner to different commercial establishments at their sale points.Income tax authorities had vast powers in respect of getting information not only about a taxpayer but also a non-taxpayer in order to bring non-filers in tax net---Income tax authorities were justified under S.176(1)(a) of ITO 2001in issuing notice to obtain any information or evidence relevant to any tax leviable under ITO 2001---Seeking such information did not amount to getting any financial information of clients or private account holders of petitioner bank---Such information was not privileged by normal Banking ...
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