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of <h1>Section 37A Empowers Tax Authorities to Search and Seize Assets for Disproportionate Wealth and Non-compliance.</h1> Section 37A of the Wealth Tax Act, 1957, grants certain tax authorities the power to conduct searches and seize assets if they have reason to believe that a person has failed to produce required documents or possesses assets disproportionate to known income. Authorized officers can search buildings, vehicles, and individuals, seize relevant items, and use statements made during searches as evidence. Seized items are presumed to belong to the person from whom they were taken. The section outlines procedures for retaining seized items, handling objections, and ensuring compliance with procedural rules, including the involvement of police or government officers if necessary.
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