TMI BlogAssistance to authorised officer during search and seizureX X X X Extracts X X X X X X X X Extracts X X X X ..... ax authority during the search and seizure proceedings, procedure to be followed, requisition of services of other officers for assistance, examination of books of account or other documents, procedure for custody of evidence, provisional attachment etc. The section also provides the timelines to be followed by the income-tax authority during and post search proceedings. 2. The section provides ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arch seizure has become complex, requiring the use of data forensics, advanced technologies for decoding data etc., for complete and proper analysis of accounts. Similarly, there is an increasing trend of undisclosed income being held in a vast variety of forms of assets or investments in addition to immovable property. Valuation of such assets and decryption of information often require specifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y person or entity or any valuer registered by or under any law for the time being in force, who shall estimate the fair market value of the property in the manner prescribed and submit a report of the estimate to the authorised officer or the Assessing Officer within sixty days from the receipt of such reference. 5. This amendment will take effect from the lst day of April, 2023. 6. Prior t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ning of execution of last authorisation under section 132 itself. 8. This amendment will take effect retrospectively from the lst day of April, 2022. [Clause 63] Full Text : Union Budget 2023-24 + FINANCE Bill, 2023 - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
