Authorisation deemed executed clarifies timing for search conclusion and actual receipt for requisition under tax law. The amendment declares that the authorisation deemed to have been executed is fixed: for searches, on conclusion as recorded in the last panchanama drawn for any person whose warrant was issued; and for requisitions, on actual receipt of books, documents or assets by the Authorised Officer.
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Authorisation deemed executed clarifies timing for search conclusion and actual receipt for requisition under tax law.
The amendment declares that the authorisation deemed to have been executed is fixed: for searches, on conclusion as recorded in the last panchanama drawn for any person whose warrant was issued; and for requisitions, on actual receipt of books, documents or assets by the Authorised Officer.
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