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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 persons or authorities is empowered, if authorised in writing by the specified officer, to inspect and take copies of any register of members, debenture holders or mortgagees of a company?

A person subordinate to the Assessing Officer, authorised in writing by that officer, may inspect and copy a company's registers of members, debenture holders or mortgagees. The power is given to the tax authorities and their authorised subordinates, not to the Registrar, shareholders or auditors.

  1. AAny person subordinate to the Assessing Officer, authorised in writing by that officerCorrect
  2. BThe Registrar of Companies acting on his own
  3. CAny shareholder of the company
  4. DThe statutory auditor of the company

Explanation

Section 255 allows the Assessing Officer, assessment unit, verification unit, Joint Commissioner, Joint Commissioner (Appeals) or Commissioner (Appeals), or a subordinate person authorised in writing by such officer, to inspect and copy the registers. The Registrar of Companies, shareholders and auditors are not given this power under the section.

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