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of <h1>Deputy Directors and Inspecting Assistant Commissioners Granted Search Powers Under Income-tax Act Section 132(1) and Wealth-tax Act Section 37A(1)</h1> Deputy Directors of Inspection and Inspecting Assistant Commissioners are now authorized to conduct searches under Section 132(1) of the Income-tax Act and Section 37A(1) of the Wealth-tax Act. These powers must be exercised cautiously and only for consequential searches based on information obtained during ongoing investigations. Officers must provide reasons for authorizing searches and submit preliminary search reports to the relevant authorities. A critical evaluation of the searches' effectiveness is required, with a report due to the Board by April 30, 1980. The emphasis is on limited and justified use of these powers to prevent misuse.
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