{"act":{"id":"finance-act-2014","short_title":"The Finance Act, 2014","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2014-2015.","act_number":"25","act_year":2014,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":129,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2014/"},"unit":"section","section":{"number":"48","heading":"Insertion of new section 133C","text":"Insertion of new section 133C. 48. After section 133B of the Income-tax Act, the following shall be inserted with effect from the 1st day of October, 2014, namely:— '133C. Power to call for information by prescribed income-tax authority.— The prescribed income-tax authority, may for the purposes of verification of information in its possession relating to any person, issue a notice to such person requiring him, on or before a date to be specified therein, to furnish information or documents verified in the manner specified therein, which may be useful for, or relevant to, any inquiry or proceeding under this Act. Explanation.—In this section, the term \"proceeding\" shall have the meaning assigned to it in clause (b) of the Explanation to section 133A.'. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Insertion of new section 133C.</b></p><p><b>48.</b> After section 133B of the Income-tax Act, the following shall be inserted with effect from the 1st day of October, 2014, namely:—</p><p>'133C. <i>Power to call for information by prescribed income-tax authority.</i>— The prescribed income-tax authority, may for the purposes of verification of information in its possession relating to any person, issue a notice to such person requiring him, on or before a date to be specified therein, to furnish information or documents verified in the manner specified therein, which may be useful for, or relevant to, any inquiry or proceeding under this Act.</p><p><i>Explanation.</i>—In this section, the term \"proceeding\" shall have the meaning assigned to it in clause (<i>b</i>) of the <i>Explanation </i>to section 133A.'.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":128,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2014/section/48/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}