Requisitioning of Books of Accounts, etc. - Section 132A - Income Tax - Ready Reckoner - Income Tax

Requisitioning of Books of Accounts, etc. - Section 132A (1) Requisitioning of books of account, etc., taken into custody under any other law Where a search has already been conducted by any officer/ authority under any other law then the Chief Commissioner of Income-tax/ commissioner of Income-tax shall authorize the Assessing Officer to make requisition to the officer/ authority under any other law to deliver books of accounts and assets seized to the Assessing Officer as early as possible when these books of account and assets are delivered to Assessing Officer, it shall be deemed that such books and assets have been seized by Assessing Officer u/s 132 and all other provisions of search seizure shall apply. Explanation - it is hereby declared that the reason to believe, as recorded by the income-tax authority under this sub-section, shall not be disclosed to any person or any authority or the Appellate Tribunal. (2) On a requisition being made the officer or authority shall deliver the books of account, other documents or assets to the requisitioning officer either forthwith or when such officer or authority is of the opinion that it is no longer necessary to retain the same in his or its custody. (3) Where any books of account, other documents or assets have been delivered to the requisitioning officer, the provisions of section 132 and 132B shall apply as if such books of account, other documents or assets had been seized under section 132(1) by the requisitioning officer. Note :- Power to invoke requisition of books of accounts, etc., provided under Rule 112D .