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2002 (12) TMI 68 - KERALA HIGH COURTIncome Tax Survey - co-operative banks and societies are challenging the validity of notices issued to each of them under section 133(6) of the Income-tax Act by various authorities under the Act. - I hold that the notices are within the powers of the officers who issued the same and the co-operative societies and co-operative banks are bound to furnish the particulars called for in the notices, failing which the Department will be free to conduct search or take penal action permissible under the Act. However, having regard to the pendency of these original petitions, I grant the petitioners six weeks time to furnish the particulars to the concerned officers. Time for furnishing information called for under the impugned notices in these original petitions are extended by six weeks from today. The original petitions are devoid of any merit and are dismissed.
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