Reason to believe confidentiality: recorded grounds for tax requisition under section 132A are not disclosable to others. The amendment adds an Explanation to section 132A(1) declaring that the reason to believe recorded by an income-tax authority for authorising requisition ... Summary
Reason to believe confidentiality: recorded grounds for tax requisition under section 132A are not disclosable to others.
The amendment adds an Explanation to section 132A(1) declaring that the reason to believe recorded by an income-tax authority for authorising requisition of books of account, documents or assets shall not be disclosed to any person, any authority or the Appellate Tribunal. It maintains the existing power structure under section 132A for authorised requisitioning and applies this non-disclosure rule retrospectively from 1st October, 1975.
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