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of <h1>Income Tax Authorities Can Survey Business Premises Under Section 133A, Inspect Records, But Cannot Seize Cash or Valuables.</h1> Section 133A of the Income Tax Act grants specific powers to income-tax authorities, including Assessing Officers and Inspectors, to conduct surveys at business premises or places where charitable activities occur. These authorities can inspect books, verify cash or stock, and collect relevant information. They cannot remove any cash or valuables and must operate within specific time limits. Authorities can impound documents with proper justification and approval. Surveys can verify compliance with TDS/TCS provisions and assess expenditures related to events. Statements made during surveys require corroborative evidence for legal action, and confessions can be retracted.
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