Provisional attachment during search under Income Tax Act and reference to Valuation Officer
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 53. Power of provisional attachment and to make reference to Valuation Officer to authorised officer. 53.1 Section 132 of the Income-tax Act provides the power of search and seizure subject to fulfilment of conditions specified therein. 53.2 In order to protect the interest of revenue and safeguard recovery in search cases, sub-sections… Read More »