Prescribed income-tax authorities empowered to call for information [Section 133C] under Powers of Income-tax Authorities [Sections 131 to 136] :

(i) Section 133C enables the prescribed income-tax authority to verify the information in its possession relating to any person.

(ii) Under this section, for the purposes of verification of information in its possession relating to any person, prescribed income-tax authority, may, issue a notice to such person requiring him,

– on or before a date to be therein specified,

– to furnish information or documents,

– verified in the manner specified therein

– which may be useful for, or relevant to, any inquiry or proceeding under the Act.

(iii) The term “proceeding” means any proceeding under the Act in respect of any year whic h may be pending on the date on which the powers under this section are exercised or which may have been completed on or before such date. The term “proceeding” also includes all proceedings under the Income-tax Act, 1961 which may be commenced after such date in respect of any year.