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of <h1>Income Tax Act Section 132A: Procedure for Requisitioning Seized Assets Clarified; Confidentiality Maintained; Rule 112D Invoked for Transfers.</h1> Section 132A of the Income Tax Act outlines the procedure for requisitioning books of accounts and assets already seized under other laws. When a search is conducted by an officer under another law, the Chief Commissioner or Commissioner of Income Tax can authorize the Assessing Officer to request the transfer of these items. Once delivered, they are treated as if seized under Section 132, and related provisions apply. The reasons for the requisition are confidential and not disclosed. The requisitioned items must be delivered promptly or when no longer needed by the original authority, with Rule 112D providing the power to invoke this requisition.
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