https://www.taxtmi.com/acts?id=49920 Search and seizure provisions authorise designated tax officers to enter and search premises, break open receptacles, seize and mark books, documents and assets suspected to represent undisclosed income, examine persons on oath, requisition assistance, and serve restraint orders. After hearing and prescribed enquiry, and with Commissioner approval, the Income-tax Officer must make a summary estimation of undisclosed income, compute tax and related liabilities, retain assets sufficient to satisfy those liabilities while releasing the remainder, and subject retained assets to application, sale and return rules with interest payable on amounts retained beyond liabilities. en-us Fri, 28 Feb 2025 16:14:20 +0530 Fri, 28 Feb 2025 16:14:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49920 Search and seizure provisions authorise designated tax officers to enter and search premises, break open receptacles, seize and mark books, documents and assets suspected to represent undisclosed income, examine persons on oath, requisition assistance, and serve restraint orders. After hearing and prescribed enquiry, and with Commissioner approval, the Income-tax Officer must make a summary estimation of undisclosed income, compute tax and related liabilities, retain assets sufficient to satisfy those liabilities while releasing the remainder, and subject retained assets to application, sale and return rules with interest payable on amounts retained beyond liabilities. Act-Rules F. Acts / Amendment Acts Fri, 28 Feb 2025 16:14:20 +0530 https://www.taxtmi.com/acts?id=49920