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Question ID : 44590

Validity of Notice u/s 131(1A)

An authorised officer of Investigation wings of Gurugram issued notice u/s 131(1A) of Income Tax Act to a Private Limited company having Delhi Address and require personal attendance Is above notice is valid or that is out of his jurisdiction ?

Posted by SANDEEP KAPOOR on Jan 05, 2024

Filed Under DIRECT TAXES

Answer ID : 85291

Before an authorized officer of investigation wing takes action under clauses (i) to (v) of S. 132; Has reason to suspect that income has been concealed; and notwithstanding that no proceedings with respect to such person or class of persons are pending The said provision enables the said officer of the investigation wing to exercise the powers as mentioned before search and seizure action u/s. 132(1), clauses (i) to (v) are applied, the authorized officers keep summoning the person searched u/s. 131(1A) to conduct a ‘post-search inquiry’.

Posted by Hari Beldona on Feb 02, 2024