Section 134 of Income Tax Act for AY 2023-24

Section 134 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Power to inspect registers of companies.

Amended and updated notes on section 134 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to Power to inspect registers of companies.

Chapter XIII (Sections 116 to 138) of the Income Tax Act 1961 deals with the provisions related to Income-tax Authorities. Section 134 of IT Act 1961-2020 provides for Power to inspect registers of companies.

Recently, we have discussed in detail section 133C (Power to call for information by prescribed income-tax authority) of IT Act 1961. Today, we learn the provisions of section 134 of Income-tax Act 1961. The amended provision of section 134 is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 134 of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962, regulations, notifications, circulars, orders and Press Release by CBDT, Income Tax Department and the Ministry of Law and Justice, Government of India.

Section-134: Power to inspect registers of companies

The Assessing Officer, the Deputy Commissioner (Appeals), the Joint Commissioner or the Commissioner (Appeals), or any person subordinate to him authorised in writing in this behalf by the Assessing Officer, the Deputy Commissioner (Appeals), the Joint Commissioner or the Commissioner (Appeals), may inspect, and if necessary, take copies, or cause copies to be taken, of any register of the members, debenture holders or mortgagees of any company or of any entry in such register.


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