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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2010
Kindly inform me in what circumstances search can be conducted by income tax department
28 January 2010
As per sec.132(1)search can be intiated for the following circumstances
1.failing to produce the books of accounts and documents after receiving the notice u/s.142(1) or summon u/s.131(1)
2.a person not disclosing wholly or partly income from money, bullion,jewwellery,or other valuable ariticle
1.failing to produce the books of accounts and documents after receiving the notice u/s.142(1) or summon u/s.131(1)
2.a person not disclosing wholly or partly income from money, bullion,jewwellery,or other valuable ariticle
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