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of <h1>Section 292CC of Income-tax Act: No Separate Authorizations Needed for Searches, Reassessments Must Be Individual. Effective April 1, 1976.</h1> Clause 107 of the Finance Bill, 2012, introduces section 292CC to the Income-tax Act, effective retrospectively from April 1, 1976. This section stipulates that it is unnecessary to issue separate authorizations or requisitions under sections 132 or 132A for each individual during searches or requisitions. When multiple names are included in such documents, it does not imply they are an association or body of individuals. Despite this, assessments or reassessments must be conducted separately for each person named in the authorization or requisition. These changes apply to the assessment year 1976-1977 and onwards.
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