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Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2010 Kindly inform me in what circumstances search can be conducted by income tax department

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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