Thirty four appeals were preferred by various co-operative banks impugning the action of the ITO(Intelligence), calling for information under S. \u00a0133(6)\u00a0. All the banks remained unsuccessful before the CIT (A) as well as the Income-tax Appellate Tribunal. On appeals\u00a0 \u00a0dismissing the appeals the Court held that\u00a0 that the procedure prescribed under sub-section\u00a0(6)\u00a0of S.\u00a0133\u00a0was akin to a survey in order to ascertain whether the co-operative banks failed to disclose information with regard to receipts of more than Rs. 5 lakhs within three immediate assessment years. The appellants did not provide any information on receipt of the notices. The notices were valid. ( Referred Kathiroor Service Co-operative Bank Ltd. v. CIT(CIB)(2014) 360 ITR 243(SC)
Kodur Service Co-operative Bank Ltd. v. DIT (Intelligence)(2014) 367 ITR 22 (Ker ) (HC)\u00a0(Notification dt. 19-8 2011 ) [2011] 338 ITR (St.) 2) and 11-1-2011)\u00a0<\/p>\n
\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" S. 133 : Power to call for information \u2013 Survey – Notifications Dt. 19-8-2011 and 1-11-2011 -ITO (Intelligence) has power to issue notices to Co-Operative Banks [ S.120, 133(6) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-12662","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3ie","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=12662"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12662\/revisions"}],"predecessor-version":[{"id":16521,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12662\/revisions\/16521"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}