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CMA Final · Direct Tax Laws and International Taxation · Assessment of Companies

Under the Income-tax Act, 2025, which of the following officers or authorities is NOT named in section 255 as being empowered to inspect, and take copies of, the register of members, debenture holders or mortgagees of a company?

The statutory auditor is not named. Section 255 lets tax authorities such as the Assessing Officer, the Joint Commissioner and the Commissioner (Appeals), and subordinates authorised in writing, inspect and copy company registers of members, debenture holders or mortgagees. Auditors are not income-tax authorities.

  1. AAssessing Officer
  2. BJoint Commissioner (Appeals)
  3. CCommissioner (Appeals)
  4. DCompany's statutory auditorCorrect

Explanation

Section 255 empowers the Assessing Officer, assessment unit, verification unit, Joint Commissioner, Joint Commissioner (Appeals), Commissioner (Appeals) and persons subordinate to them who are authorised in writing. A company's statutory auditor is not an income-tax authority and is not listed, so that option is the one not named.

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