Detection of substantial unaccounted cash and other valuables during surveys under section 133A of the Income Tax Act, 1961

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..... To All Principal Chief Commissioners of income Tax (CCA), All Directors General of Income Tax (Investigation), Principal Chief Commissioners of Income Tax (International Taxation) Director General of Income Tax (Intelligence & Criminal Investigation) Chief Commissioners of Income Tax (Exemption) Sub : Detection of substantial unaccounted cash and other valuables during surveys under .....

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..... ccounted cash in hand, the survey can be converted into search. Conversion of a survey operation into a search operation will have implications not only of cash seizure but also covering the residential premises of partners/directors of the business concern. If it is considered necessary to convert a survey operation into a search operation, a satisfaction note should be prepared by the jurisdicti .....

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..... whenever undisclosed cash and other valuables of amount equal to or exceeding the limit, as given below in the Table, is found during a survey, the DIT(lnv.) concerned having territorial jurisdiction over the surveyed premise may be intimated compulsorily at the earliest possible to examine the facts for taking recourse to Section 132(1) of the Act. (1) (2) Limit for Surveys conducted in Delhi, .....

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