Karnataka Bank Ltd. vs Secretary, Government Of India And Ors.

The Supreme Court upheld the interpretation of Section 133(6) of the Income-tax Act, 1961, affirming that the issuance of a notice for information regarding loan repayments does not require a pending inquiry. The Court clarified that the provision allows for information collection even in the absence of ongoing proceedings, provided prior approval from the Director or Commissioner is obtained. The Court dismissed the special leave petitions, agreeing with the Karnataka High Court's construction of the statute.