TMI BlogPowers to requisition books of account, etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... 2, or under sub-section (1) of section 142 of this Act was issued to produce, or cause to be produced, any books of account or other documents has omitted or failed to produce, or cause to be produced, such books of account or other documents, as required by such summons or notice and the said books of account or other documents have been taken into custody by any officer or authority under any other law for the time being in force, or ( b ) any books of account or other documents will be useful for, or relevant to, any proceeding under the Indian Income-tax Act, 1922 (11 of 1922), or under this Act and any person to whom a summons or notice as aforesaid has been or might be issued will not, or would not, produce or cause to be produced, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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. ] (2) On a requisition being made under sub-section (1), the officer or authority referred to in clause ( a ) or clause ( b ) or clause ( c ), as the case may be, of that sub-section shall deliver the books of account, other documents or assets to the requisitioning officer either forthwith or when such officer or authority is of the opinion that it is no longer necessary to retain the same in his or its custody. (3) Where any books of account, other documents or assets have been delivered to the requisitioning officer, the provisions of sub-s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed for Inspecting Assistant Commissioner by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 8. Substituted for Assistant Director of Inspection by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 9. Inserted by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 10. Substituted for or Income-tax Officer by the Direct Tax Laws (Amendment) Act, 1987 (as amended by the Finance Act, 1988), w.e.f. 1-4-1988. 11. Inserted by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 12. Inserted vide Finance (No.2) Act, 2009, w.e.f. 1-6-1994 13. Inserted vide THE FINANCE (No. 2) ACT, 2014 w.e.f. 1st day of June, 2013 14. Inserted vide THE FINANCE ACT, 2017 w.e.f. 1st day of October, 1975 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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