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Section27
The Finance Act, 1986

Insertion of new section 133B

In force Act 23 of 1986 As on 18 Oct 2026

Act 23 of 1986 Ministry Finance Cited by 1 provision

Section 27 of the Finance Act, 1986 deals with insertion of new section 133B. Insertion of new section 133B. 27. In the Income-tax Act, after section 133A, the following section shall be inserted, namely:— 133B.

Insertion of new section 133B.

27. In the Income-tax Act, after section 133A, the following section shall be inserted, namely:—

133B. Power to collect Certain information.—(1) Notwithstanding anything contained in any other provision of this Act, an Income-tax authority may, for the purpose of collecting any information which may be useful for, or relevant to, the purposes of this Act, enter—

(a) any building or place within the limits of the area assigned to such authority, or

(b) any building or place occupied by any person in respect of whom he exercises jurisdiction, at which a business or profession is carried on, whether such place be the principal place or not of such business or profession, and require any proprietor, employee or any other person who may at that time and place be attending in any manner to, or helping in, the carrying on of such business or profession to furnish such information as may be prescribed.

(2) An Income-tax authority may enter any place of business or profession referred to in sub-section (1) only during the hours at which such place is open for the conduct of business or profession.

(3) For the removal of doubts, it is hereby declared, that an Income-tax authority acting under this section shall, on no account. remove or cause to be removed from the, building or place where in he has entered, any books of account or other documents or any cash, stock or other valuable article or thing.

Explanation.—In this section, "Income-tax authority" means an Inspecting Assistant Commissioner, an Assistant Director of Inspection or an Income-tax Officer, and includes an Inspector, or

income-tax who has been authorised by the Income-tax Officer to-exercise the powers conferred under this section in relation to the area in respect of which the Income-tax Officer exercises jurisdiction or part thereof.'.

[Finance Act, 1986]

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Section 27, The Finance Act, 1986 (Act 23 of 1986).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 1

  1. s. 1 Short title and commencement

Questions about Section 27

What does Section 27 of the Finance Act deal with?

Section 27 of the Finance Act is headed "Insertion of new section 133B". Insertion of new section 133B. 27. In the Income-tax Act, after section 133A, the following section shall be inserted, namely:— 133B.

How do I find court cases under Section 27 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1986 27, section 27 Finance Act 1986, section 27 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 27 of the Finance Act, and has it changed?

1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1986 as Act 23 of 1986. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.