Section 34 - Amendment of section 131 - Taxation Laws (Amendment) Act, 1975

34. Amendment of section 131. In section 131 of the Income-tax Act, (i) after sub-section (1), the following sub-section shall be inserted, namely: (1A) If the Assistant Director of Inspection has reason to suspect that any income has been concealed, or is likely to be concealed, by any person or class of persons, within his jurisdiction, then, for the purpose of making any enquiry or investigation relating thereto, it shall be competent for him to exercise the powers conferred under sub-section (7) on the Income-tax authorities referred 1.0 in that sub-section, notwithstanding that no proceedings with respect to such person or class of persons are pending before him or any other Income-tax authority. : (ii) in sub-section (3), (a) in the opening paragraph, after the word, brackets and figure sub-section (1) , the words, brackets, figure and letter or sub-section (1A) shall be inserted; (b) in the proviso, for the words an Income-tax Officer , the words an Income-tax Officer or an Assistant Director of Inspection shall be substituted.