Power to call for information.
Section 151
The Commissioner or an officer authorised by him may, by an order, direct any person to furnish information relating to any matter dealt with in connection with this Act, within such time, in such form, and in such manner, as may be specified therein.
Under Section 151, these designated officials can issue orders to any person, compelling them to provide information related to matters governed by the relevant tax legislation. The order specifies the required details such as the time within which the information must be submitted, the format it should be presented in, and the manner in which it should be conveyed.
Ensuring Compliance
This provision serves as a tool for tax authorities to gather necessary data to ensure compliance with the provisions outlined in the Act. It empowers them to stay informed about various matters, ultimately contributing to the effective implementation and enforcement of tax regulations.
Conclusion
In essence, Section 151 is a legal tool that enables tax authorities to call upon individuals or entities to furnish relevant information, reinforcing the importance of transparency and adherence to the stipulated tax laws.