Karnataka Bank Ltd. & Ors. vs Secretary, Government Of India & Ors.

Authority: Supreme Court Date: 2002-02-25 Section: 133(6) Acts: Income Tax Act 1961 Result: Revenue Citation: (2002) 175 CTR (SC) 405 : (2002) 255 ITR 508 (SC) : (2002) 123 TAXMAN 219 (SC) Justices: B.N. Kirpal & Arijit Pasayat, JJ. Appeal No: Special Leave Petn. No. 3804, 3898, 4074 & 4076 of 2002*
Whether notice under Section 133(6) of the Income Tax Act 1961 can be issued to a banking company for information regarding loan repayments when no inquiry/proceeding is pending --- Held Yes, as the provision allows collection of information even without pending proceedings, subject to approval of Director/CIT.

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