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of <h1>Amendment to Section 132A of Income-tax Act: 'Reason to Believe' Non-disclosure Effective Retroactively from 1975 Ensures Confidentiality</h1> Clause 51 of the Finance Bill, 2017, amends section 132A of the Income-tax Act, concerning the powers to requisition books of account and related documents. The amendment introduces an Explanation to sub-section (1), clarifying that the 'reason to believe,' as recorded by the income-tax authority for making a requisition, is not to be disclosed to any person, authority, or the Appellate Tribunal. This amendment is retroactively effective from October 1, 1975, ensuring confidentiality in the decision-making process of income-tax authorities.
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