Search and seizure

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....rial which will be useful for, or relevant to, any preceding under the Income-tax Act, 1961, or the Wealth-tax Act, 1957, or under this Code, or (c) any person is in possession of any material which represents either wholly or partly the tax base or property which has not been, or would not be, disclosed for the purposes of the Income-tax Act, 1961, or the Wealth-tax Act, 1957, or this Code (hereinafter in this section referred to as the undisclosed tax base or property). (2) The Authorised Officer shall, in pursuance to an authorisation issued under subsection (1), carry out the search and seizure operation and, for this purpose, have all the powers to - (a) enter and search any building, place, vessel, vehicle or aircraft where the....

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....rred to in sub-section (1). (4) However, the Competent Investigating Authority may also exercise the powers of search and seizure conferred under sub-section (1), if - (a) the building, place, vessel, vehicle or aircraft, referred to in sub-section (2), is located within the area of his jurisdiction regardless of the fact that he does not have jurisdiction over the person referred to in sub-section (1); and (b) he has reason to believe that any delay in getting the authorisation from the Competent Investigating Authority having jurisdiction over such person may be prejudicial to the interests of the revenue. (5) The Competent Investigating Authority may issue a consequential authorisation to any Authorised Officer to exercise the p....