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2003 (2) TMI 28 - HC - Income TaxScope and ambit of section 133(6) as amended by the Finance Act, 1995, arise for consideration in these appeals - it is clear that it is not a condition for the issuance of a notice under section 133(6) of the Act that any proceedings under the Act against the person with respect to whom the information is called for should be pending. The Supreme Court has clearly stated that the only limitation is that before issuing a notice requiring a banking company to furnish information in respect of such points or matters as may be useful or relevant is to get the prior approval of the Director or the Commissioner, as the case may be. Admittedly, in the present case, notice was issued only after obtaining approval of the Commissioner. In these circumstances, we agree with the conclusion reached by the learned single judge that the impugned notices are issued validly and with jurisdiction. There is no merit in these appeals
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