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of <h1>Amendment to Section 132: Retention of Seized Documents Now Requires Justification and Approval in Tax Search Cases.</h1> Clause 35 of the Finance Bill, 2022 proposes an amendment to section 132 of the Income-tax Act, which deals with search and seizure procedures. Specifically, sub-section (8) is revised to replace the phrase 'order of assessment under' with 'order of assessment or reassessment or recomputation under sub-section (3) of section 143 or section 144 or section 147 or.' This change ensures that the retention of seized documents applies to assessments, reassessments, or recomputations in search cases. The amendment requires written justification and approval from senior tax officials for retaining documents beyond thirty days. This amendment is effective from April 1, 2022.
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