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of <h1>Income Tax Act Amended: Section 133A Now Allows Tax Authorities to Inspect Business Premises and Books with New Limits</h1> Section 133A of the Income-tax Act was amended by the Finance (No. 2) Act, 2014, effective October 1, 2014. A new sub-section (2A) was added, allowing income-tax authorities to enter business premises during specific hours to verify tax deductions or collections at source. They can inspect books and request relevant information. Additionally, sub-section (3) was modified to require approval for retaining documents beyond fifteen days, excluding holidays. A proviso was also added to sub-section (3), preventing actions under certain clauses by authorities acting under sub-section (2A).
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