Calling forinformation notice u/s.133(6) of it act

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2013 One of my collegue has received notice under above section this month. Now ITO has demanded the information regarding Sale/Purchase of Property made in FY-2006-07 claiming that my collegue has not mentioned PAN in that transaction and he also demanded to provide ROI, P & L, Bal. Sheet etc. Now my Qusetion is whether ITO Can demand such information of earlier FY under this section. Also want to know how to answer ITO.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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18 August 2013 Any information called the the ITO u/s 133(6) has to be provided. In case you do not respond the ITO has power to levey penalty of Rs. 10,000/-. At the same time he can re-open the assessment in want of details so better supply the details as called for.

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2013 Thank you for your reply.

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