Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Inquiry under section 132 requires notice, explanation, and opportunity before seized assets evidence is used against the person concerned. Inquiry under section 132 begins when money, bullion, jewellery or other valuable articles or things are seized. The Assessing Officer must issue a notice within the prescribed period requiring the person concerned to attend, explain the nature of possession and source of acquisition of the seized assets, or produce supporting evidence. The Assessing Officer may also require accounts, documents, or further evidence, examine other persons on oath, and conduct further inquiry, but must give reasonable notice before using gathered material against the person concerned.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inquiry under section 132 requires notice, explanation, and opportunity before seized assets evidence is used against the person concerned.
Inquiry under section 132 begins when money, bullion, jewellery or other valuable articles or things are seized. The Assessing Officer must issue a notice within the prescribed period requiring the person concerned to attend, explain the nature of possession and source of acquisition of the seized assets, or produce supporting evidence. The Assessing Officer may also require accounts, documents, or further evidence, examine other persons on oath, and conduct further inquiry, but must give reasonable notice before using gathered material against the person concerned.
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