Search, Seizure under I-T ActThe Income tax department conducts what are considered as some of the worst nightmares of many businessmen and corporate houses — survey, search and seizure operations. Also, punitive powers are good to bring people to heel but an overdose always leads to a sense of insecurity which, in turn, leads to ingenious ways to beat the taxman. The negative impacts of search and seizure can be avoided, if the assessees have sound knowledge about various aspects relating to such operations.This is okay at one level for you can argue that for purposes of confidentiality one needs to maintain the highest levels of secrecy and maintain information under a classified status.New Delhi: Appropriation of power is always dangerous for it frees up one’s ugly side.Reasons for search China PPR PIPE Factory & seizure to remain secretPresent Budget proposals of 2017 therefore have proposed for inserting an explanation to the sub-section (1) and to sub-section (1A) of section 132 of the Income Tax Act, 1961 and to the sub-section (1) of section 132A of the Income Tax Act, 1961 for declaring that the ‘reason to suspect’ or ‘reason to believe’, as the case may be, shouldn’t be disclosed to any authority or the Appellate Tribunal or any other person.

He also invoked Maratha icon Shivaji, saying he did not enjoy the fruits of power despite being a ruler and sarcastically added that the country has on the contrary also seen those who enjoyed the fruits of power without legitimately owning it, a veiled dig at the Gandhi family of the Congress.Delivering his concluding address to the party’s National Executive, which saw its president Amit Shah raising concerns over ‘migration’ of Hindus from a communally-sensitive western UP town, Modi made no reference to the controversial issues and instead asked leaders to use power for the benefit of society.Unveiling future expansion target of the party, Shah said at the National Executive that the party needs to be strengthened further in seven states like West Bengal, Assam, Kerala, Odisha, Andhra Pradesh, Telangana and Tamil Nadu.The expectation was that you will bring down tariffs and install a world class power system in the capital city of Delhi, which would compare better than power system in any other capital in the world.