TMI BlogAmendment of section 132.X X X X Extracts X X X X X X X X Extracts X X X X ..... nment, or of both; or (ii) any person or entity as may be approved by the Principal Chief Commissioner or the Chief Commissioner or the Principal Director General or the Director General, in accordance with the procedure, as may be prescribed, in this regard, to assist him for all or any of the purposes specified in sub-section (1) or sub-section (1A) and it shall be the duty of every such o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... operty in the manner as may be prescribed, and submit a report of the estimate to the authorised officer or the Assessing Officer, as the case may be, within a period of sixty days from the date of receipt of such reference. ; (c) for Explanation 1, the following Explanation shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2022, namely: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to assist him for any of the action required to be performed during the course of such search and it shall be duty of such officer to comply. It is proposed to substitute sub-section (2) of the said section so as to provide that the authorised officer, during the course of search, may requisition the services of any police officer or of any officer of the Central Government, or of both, or othe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... during the course of a search or within sixty days from the date of the last authorisation, may make a reference to a Valuation Officer referred to in section 142A or any other person or entity or any valuer registered by or under any law for the time being in force, as may be approved by the Principal Chief Commissioner, the Chief Commissioner, the Principal Director General or the Director Gener ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssued; and in the case of requisition under section 132A, on the actual receipt of the books of account or other documents or assets by the authorised officer. This amendment will take effect retrospectively from 1st April, 2022. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X
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