Inquiry before assessment

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....ed under sub-section (1) of section 139 or before the end of the relevant assessment year, any such notice issued to him shall be deemed to have been served in accordance with the provisions of this sub-section,] ^32[Provided further that a notice under this sub-section for the purposes of this clause may also be served by the prescribed income-tax authority,] ^8[(ii)] to produce, or cause to be produced, such accounts or documents as the ^9[Assessing] Officer may require, or ^10[(iii)] to furnish in writing and verified in the prescribed manner information in such form and on such points or matters (including a statement of all assets and liabilities of the assessee, whether included in the accounts or not) as the ^11[Assessing] Officer may require : Provided that- (a) the previous approval of the ^12[Joint Commissioner] shall be obtained before requiring the assessee to furnish a statement of all assets and liabilities not included in the accounts ; (b) the ^13[Assessing] Officer shall not require the production of any accounts relating to a period more than three years prior to the previous year. (2) For the purpose of obta....

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....ason, extend the said period by such further period or periods as he thinks fit ; so, however, that the aggregate of the period originally fixed and the period or periods so extended shall not, in any case, exceed one hundred and eighty days from the date on which the direction under sub-section (2A) is received by the assessee. (2D) The expenses of, and incidental to, any ^34[audit or inventory valuation under sub-section (2A) (including the remuneration of the accountant or the cost accountant, as the case may be)] shall be determined by the ^24[^31[Principal Chief Commissioner or Chief Commissioner] or ^30[Principal Commissioner or Commissioner] (which determination shall be final) and paid by the assessee and in default of such payment, shall be recoverable from the assessee in the manner provided in Chapter XVII-D for the recovery of arrears of tax :] ^25[Provided that where any direction for ^35[audit or inventory valuation under] sub-section (2A) is issued by the Assessing Officer on or after the 1st day of June, 2007, the expenses of, and incidental to, ^36[such audit or inventory valuation (including the remuneration of the accountant or the cost accountant, as the c....

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.... Substituted vide Section 36 of the Finance Act, 1990 w.e.f. 01-04-1990 before it was read as, "before the end of the relevant assessment year" 6. Inserted vide Section 35 of the Finance Act, 2006 w.e.f. 01-04-2006 7. Inserted vide Section 35 of the Finance Act, 2006 w.e.f. 01-04-1990 8. Renumbered vide Section 47 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, "(i)" 9. Substituted vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Income-tax"  10. Renumbered vide Section 47 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, "(ii)" 11. Substituted vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Income-tax"  12. Substituted vide Section 3 of the Finance (No. 2) Act, 1998 w.e.f. 01-10-1998 before it was read as, "Deputy Commissioner" Earlier, Substituted vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Inspecting Assistant Commissioner"  ....

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.... 4 of the Finance (No. 2) Act 2014 w.e.f. 01-06-2013 before it was read as, "Commissioner" 30B. Substituted vide Section 4 of the Finance (No. 2) Act 2014 w.e.f. 01-06-2013 before it was read as, "Commissioner" 30C. Substituted vide Section 4 of the Finance (No. 2) Act 2014 w.e.f. 01-06-2013 before it was read as, "Commissioner" 31. Substituted vide Section 4 of the Finance (No. 2) Act 2014 w.e.f. 01-06-2013 before it was read as, "Chief Commissioner" 31A. Substituted vide Section 4 of the Finance (No. 2) Act 2014 w.e.f. 01-06-2013 before it was read as, "Chief Commissioner" 31B. Substituted vide Section 4 of the Finance (No. 2) Act 2014 w.e.f. 01-06-2013 before it was read as, "Chief Commissioner" 31C. Substituted vide Section 4 of the Finance (No. 2) Act 2014 w.e.f. 01-06-2013 before it was read as, "Chief Commissioner" 32. Inserted vide Section 38 of the Finance Act 2021 w.e.f. 01-04-2021 33. Substituted vide Section 71 of the Finance Act 2023 w.e.f. 01-04-2023 before it was read as, "^15[(2A) If, at any stage of the proceedings before him, the....