CHAPTER 75:01 - Inland Revenue Division

Income Tax Act Mac 1
Vol. 1
confidential professional relationship with such person, to give it
information in such manner and detail and at such time as the Board may
from time to time require by notice in writing with respect to his income
or assessment or assets or the income or assessments or assets of any other
person or to permit it or any person duly authorised by it in writing to
inspect any record of any monies, funds or other assets held by that person
on his own behalf or which may be held by him for, or of any monies due
by him to, any other person.
Powers of inspection of records
(2) Notwithstanding any rule of law to the contrary, but subject to this section,
the Board may, for the purpose of determining any objection to an
assessment require by writing any bank or any officer thereof to furnish in
formation in writing or may summon any such officer to appear before it
to give evidence respecting the assessment or to furnish statements of
accounts and affairs verified in the manner specified by it, and the Board
may examine such officer on oath or otherwise.
(3) Where the Board proposes to exercise the powers conferred on it under
subsection (2) it shall give notice of its intention to do so, to the person
who has disputed his assessment and shall inform such person of his rights
under this section.
(4) If the person who has disputed his assessment is aggrieved by the proposal
of the Board to exercise its powers under subsection (2), he may,
within seven days of receipt of notice thereof from the Board, apply to a
Judge in Chambers for a declaration of his rights in the matter, and the
Judge shall hear and determine such application and shall make such order
as the justice of the case requires.
(5) A person is guilty of an offence who -
(a) fails to give to the Board any information in accordance with
the provisions of this section; or
(b) fails to produce for the inspection of the Board or any person
duly authorised by it any records which he may be required by the
Board or such duly authorised person to produce.
(6) For the purposes of giving effect to a declared agreement within the
meaning of the Tax Information Exchange Agreements Act the Board
is deemed to have the powers set out in subsection (2)
notwithstanding the absence of an assessment or objection, and
subsections (3), (4) and (5) shall apply mutatis mutandis.
Income Tax (Amendment) (No.2) Act, 1989
118. (1) Subject to this section and to section 117, the Board or any person authorised
by it for any purpose related to the administration or enforcement
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