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Issue of notice under section 133(6) of the Income-tax Act 1961 for verification of cash deposits under Operation Clean Money -regd.

Issue of notice under section 133(6) of the Income-tax Act, 1961 for verification of cash deposits under Operation Clean Money -regd. - Income Tax - Instruction No. 4/2017 - Dated:- 3-3-2017 - Instruction No. 4/2017 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi dated the 3rd of March, 2017 Subject: - Issue of notice under section 133(6) of the Income-tax Act, 1961 for verification of cash deposits under 'Operation Clean Mon .....

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exure. 2. Following issues may kindly be kept into consideration while issuing notices under section 133(6) of the Act, in applicable cases: i. Notice under section 133(6) of the Act is required to be issued, after obtaining prior approval of Pr. CIT/CIT/Pr. DIT/DIT as provided in the Act, in cases where the 'person under verification' fails to file Online response in a timely manner in spite of issue of reminder by the Assessing Officer. The approval would be taken Online once the facil .....

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rification Portal only in accordance with SOP dated 21.02.2017; v. In case no response is furnished within the specified timeframe, Assessing Officer may form a view that 'person under verification' has no plausible explanation to offer regarding the cash deposits in his/her bank account(s) and consequentially, the case may be escalated as 'Not-Acceptable' for further action in accordance with the procedure prescribed in the SOP of CBDT vide Instruction No. 3/2017 dated 21.02.201 .....

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