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of <h1>New Instructions for Monthly Reporting on Search and Seizure Operations Issued Under Section 132 of Income Tax Act</h1> The Central Board of Direct Taxes has issued revised instructions for submitting monthly reports on search and seizure operations under Section 132 of the Income Tax Act, 1961, to address difficulties in providing complete information to Parliament. The revised pro forma requires detailed information on authorizations, search warrants, and assets seized, including gold and silver bullion and jewelry. Reports must be submitted by the 5th of the following month, with supplementary reports if necessary. The directive is aimed at standardizing reporting practices across different charges and ensuring timely and complete data submission.
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