Disclosure of assessee information to Income Tax Department. CBDT notifies four more bodies u/s 138 i.e. Cabinet Secretariat, IB, NCB & NIA
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 52/2020
New Delhi, the 21st July, 2020
S.O. 2411(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961, the Central Government hereby specifies the following bodies/agencies for the purposes of the said clause.
1. Cabinet Secretariat
2. Intelligence Bureau
3. Narcotics Control Bureau
4. National Investigation Agency
[F. No. 225/53/2020-ITA.II]
RAJARAJESWARIR., Under Secy.(ITA-II), CBDT
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- Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information
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- ITAT deleted addition as method of accounting had been accepted in earlier years
