Amendment of section 132A.
51. In section 132A of the Income-tax Act, in sub-section (1), the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of October, 1975, namely:-
“Explanation.––For the removal of doubts, it is hereby declared that the reason to believe, as recorded by the income-tax authority under this sub-section, shall not be disclosed to any person or any authority or the Appellate Tribunal.”.
Notes on Clauses:
Clause 51 of the Bill seeks to amend section 132A of the Income-tax Act relating to powers to requisition books of account, etc.
Sub-section (1) of the said section provides that the specified income-tax authority, based on the information in his possession, has reason to believe of circumstances specified therein, may authorise other income-tax authority mentioned therein to requisition from other officer or authority referred to in clauses (a) to (c) of the said sub-section to deliver books of account, documents or assets of the assessee to the income-tax authority so authorised.
It is proposed to insert an Explanation in the said subsection, so as to declare that the reason to believe for making the requisition as recorded by the income-tax authority shall not be disclosed to any person or any authority or the Appellate Tribunal.
This amendment will come into effect retrospectively from 1st October, 1975.
