Section-259: Power to call for information by prescribed income-tax authority

Section-259 : Power to call for information by prescribed income-tax authority

Section-259 provides the power of income-tax authority to call for information by prescribed income-tax authority. Learn to understand the section-259 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-259 as per act

For the purposes of verification of information in the possession of the prescribed income-tax authority, such authority may issue a notice requiring any person to furnish any information as may be useful for, or relevant to, any inquiry or proceeding under this Act in such form and manner and within such time, as specified in such notice.
The prescribed income-tax authority may process and utilise such information and document received by him as per the scheme notified under section 260.