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The Income Tax Act, 1961, grants significant powers to authorized officers when conducting search and seizure operations. One such provision is Section 132(3), which enables officers to exercise control over…
Section 132 of the Income Tax Act empowers tax authorities to carry out search and seizure operations to curb tax evasion and recover unreported income. Sub-section 2 of this section…
Introduction: Section 132 of the Income Tax Act, often referred to as the "Search and Seizure" section, grants tax authorities substantial powers to act in cases of suspected tax evasion.…
In the realm of income tax assessments and investigations, the authorities have certain powers that enable them to examine relevant documents in detail. One such power is the ability to…
When it comes to enforcing tax compliance, the Income Tax Act grants certain powers to designated authorities. Section 131(2) of the Income Tax Act allows specific income-tax officers to conduct…
Introduction Income tax authorities are entrusted with several powers to ensure compliance and detect tax evasion. One of the critical provisions empowering these authorities is Section 131 of the Income…
Introduction to Section 130 of the Income Tax Act The tax administration in India has been on a continuous journey towards digitization and transparency. Section 130 of the Income Tax…
Tax proceedings can be complex, especially when there's a change in the income tax authority handling a case. Section 129 of the Income Tax Act provides a clear procedural framework…
When dealing with income tax matters, it’s essential to understand the concept of jurisdiction and case transfers, as specified under Section 127 of the Income Tax Act. This section primarily…
Section 124 of the Income Tax Act, 1961, governs the jurisdiction of Assessing Officers (AOs) across various regions. One specific clause, Section 124(3), addresses the procedural requirements—or lack thereof—when a…