Empowering officers under FEMA permits income tax-style investigatory powers, subject to central government conditions and limits. Designated officers under FEMA may exercise like powers of income tax authorities to obtain discovery, compel production of evidence, requisition books, conduct search and seizure, call for information, perform surveys, collect specified information, and inspect company registers, but such powers are exercisable only subject to conditions and limitations imposed by the Central Government.
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Provisions expressly mentioned in the judgment/order text.
Empowering officers under FEMA permits income tax-style investigatory powers, subject to central government conditions and limits.
Designated officers under FEMA may exercise like powers of income tax authorities to obtain discovery, compel production of evidence, requisition books, conduct search and seizure, call for information, perform surveys, collect specified information, and inspect company registers, but such powers are exercisable only subject to conditions and limitations imposed by the Central Government.
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