Section 132 of Income Tax

Taxpayers jitters with extensive search and seizure powers to Assessing Officers 3 min read

• Income Tax

Taxpayers jitters with extensive search and seizure powers to Assessing Officers

Sourav 8 years ago

The amendments and changes in the procedural rules including changes in search and seizure provisions in Income Tax Act have had the consequence of setting... Read More

undisclosed income found during search/survey to be distributed to members of the family running the business 2 min read

• Income Tax

undisclosed income found during search/survey to be distributed to members of the family running the business

Sourav 8 years ago

Section 132 of the Income Tax: It is but natural that the undisclosed income found during search/survey has to be distributed to all the members... Read More

Reasons to believe for conducting a search & seizure not to be disclosed 2 min read

• Income Tax

Reasons to believe for conducting a search & seizure not to be disclosed

Sourav 8 years ago

Sub-section (1) and Sub-Section (1A) of section 132 of the Income Tax Act, 1961 provides that where the authority stated therein, depending on the information in his... Read More