{"id":14636,"date":"2026-01-20T11:01:24","date_gmt":"2026-01-20T11:01:24","guid":{"rendered":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/?p=14636"},"modified":"2026-01-20T11:06:35","modified_gmt":"2026-01-20T11:06:35","slug":"section-1421-of-the-income-tax-act1961-the-assessing-officers-toolkit-for-tax","status":"publish","type":"post","link":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/section-1421-of-the-income-tax-act1961-the-assessing-officers-toolkit-for-tax\/","title":{"rendered":"Section 142(1) of The Income Tax Act,1961 : The Assessing Officer’s Toolkit for Tax"},"content":{"rendered":"\n

<\/span>Introduction to Section 142(1)<\/span><\/h2>\n\n\n\n
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\u201cSection 142 is the gateway to truth in tax assessments, empowering authorities to unravel the financial narrative and ensure compliance\u201d<\/p>\n<\/blockquote>\n\n\n\n

<\/span>Overview of Section 142(1)<\/span><\/h3>\n\n\n\n

Section 142(1) of the Income Tax Act, 1961 is a crucial provision that empowers the Assessing Officer (AO) to make inquiries and gather information before assessing an individual’s or entity’s income tax liability. This section serves as a tool for the tax authorities to ensure compliance and verify the accuracy of the income declared by taxpayers. By issuing a notice under Section 142(1), the AO can require the taxpayer to furnish specific information, produce books of accounts, or appear in person to clarify doubts. The objective is to facilitate a thorough assessment and prevent tax evasion, ultimately ensuring that the correct amount of tax is levied.<\/p>

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