Detection of substantial unaccounted cash and other valuables during surveys under section 133A of the Income Tax Act, 1961

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... 269, North Block New Delhi, dated. 30th September, 2014 To All Principal Chief Commissioners of income Tax (CCA), All Directors General of Income Tax (Investigation), Principal Chief Commissioners of Income Tax (International Taxation) Director General of Income Tax (Intelligence & Criminal Investigation) Chief Commissioners of Income Tax (Exemp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ises should be ascertained through the preliminary statement because in cases of considerable amount of unaccounted cash in hand, the survey can be converted into search. Conversion of a survey operation into a search operation will have implications not only of cash seizure but also covering the residential premises of partners/directors of the business concern. If it is considered necessary to c....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... to be decided after careful consideration of facts and circumstance of the case in hand, it is necessary that whenever undisclosed cash and other valuables of amount equal to or exceeding the limit, as given below in the Table, is found during a survey, the DIT(lnv.) concerned having territorial jurisdiction over the surveyed premise may be intimated compulsorily at the earliest possible to exami....