Udayamperoor Service Co-Operative Bank Limited NO.747 v. the Income Tax Officer (I and C)

What is this about?

The Court dismissed multiple income tax appeals by cooperative banks challenging notices issued by the Income Tax Officer (Intelligence) u/s 133(6). Relying on Notification No. 42/2011 u/s 120, the Court held that the Intelligence Officer was duly authorized to issue such notices, distinguishing the scope of 'enquiry' under the Act.