https://www.taxtmi.com/acts?id=3942 Inquiry under section 132 begins when money, bullion, jewellery or other valuable articles or things are seized. The Assessing Officer must issue a notice within the prescribed period requiring the person concerned to attend, explain the nature of possession and source of acquisition of the seized assets, or produce supporting evidence. The Assessing Officer may also require accounts, documents, or further evidence, examine other persons on oath, and conduct further inquiry, but must give reasonable notice before using gathered material against the person concerned. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 21 May 2026 12:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3942 Inquiry under section 132 begins when money, bullion, jewellery or other valuable articles or things are seized. The Assessing Officer must issue a notice within the prescribed period requiring the person concerned to attend, explain the nature of possession and source of acquisition of the seized assets, or produce supporting evidence. The Assessing Officer may also require accounts, documents, or further evidence, examine other persons on oath, and conduct further inquiry, but must give reasonable notice before using gathered material against the person concerned. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3942