https://www.taxtmi.com/acts?id=11796 The prescribed income-tax authority may enter business premises on suspicion of non-compliance during business hours, require inspection of books and documents, verify cash, stock or valuables, and compel relevant information. The authority may mark records, take extracts, impound records with recorded reasons, inventory assets, and examine persons on oath; recorded statements are admissible. The authority cannot remove cash, stock or valuables and may not retain impounded records beyond one month without Commissioner approval. Enforcement powers apply to secure compliance with inspection, verification and statement recording. "Proceeding" covers completed, pending or future proceedings for the year. en-us Fri, 17 Sep 2010 10:38:44 +0530 Fri, 17 Sep 2010 10:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11796 The prescribed income-tax authority may enter business premises on suspicion of non-compliance during business hours, require inspection of books and documents, verify cash, stock or valuables, and compel relevant information. The authority may mark records, take extracts, impound records with recorded reasons, inventory assets, and examine persons on oath; recorded statements are admissible. The authority cannot remove cash, stock or valuables and may not retain impounded records beyond one month without Commissioner approval. Enforcement powers apply to secure compliance with inspection, verification and statement recording. "Proceeding" covers completed, pending or future proceedings for the year. Act-Rules Bills Fri, 17 Sep 2010 10:38:44 +0530 https://www.taxtmi.com/acts?id=11796