Amendments proposed in sections 132 and 132B for rationalising provisions

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....8) of section 132 of the Act the last date for taking approval for retention of seized books of account or other documents is 30 days from the date of the assessment or reassessment or recomputation order. In the course of search assessment proceedings in group cases, the assessment orders of one assessee may be passed earlier than the assessment orders of another assessee. Further, the segregatio....

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.... from end of the quarter in which the assessment or reassessment or recomputation order has been made. 3. Explanation 1 to section 132 of the Act defines the circumstances in which last of the authorisation for search is to be deemed as to have been executed. In order to align the same with the other provisions of the Act, It is proposed to substitute the word "authorisation" with "authorisations....