Question

income tax officer short note

Answer 1

Income-tax Officer

As per S.2(25) of the Income Tax Act, 1961, unless the context otherwise requires, the term “Income-tax Officer” means a person appointed to be an Income-tax Officer under section 117.

Answer 2

The safety valve here is that any tax authority shall not

Impound any books of accounts or other documents without recordings his reasons for doing so.Retain in his custody any such books or documents for a period exceeding fifteen days (exclusive of holidays) without obtaining the approval of Chief Commissioner or Director General or Commissioner or Director

Powers Under Section 132 Where the higher tax authorities as a consequence of information in their possession have reason to believe that

Any person to whom summons under any relevant section of IT Act was issued to produce or cause to be produced, any books of accounts or other documents has omitted or failed to produce or cause to be produced such books of accounts or other documents as required by such summons or notice orAny persons to whom summons or notice as aforesaid has been or might be issued will not or would not produce or cause to be produced any books of account or other documents which will be useful for or relevant to any proceedings under IT Act (Here the tax department is assuming powers in a situation which may or may not happen and also , the department knows in advance of the non co-operation of assessee)