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TMI BlogSearch and seizure.X X X X Extracts X X X X X X X X Extracts X X X X ..... of account or other documents or any information stored in an electronic media or a computer system which will be useful for, or relevant to, any proceedings under this Act; or (b) any person is in possession of any asset or information in relation to any asset and such asset represents either wholly or partly, income or property which has not been, or would not be, disclosed, for the purposes of this Act, or the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015), (herein referred to as the undisclosed income or property in this section), then the approving authority may authorise any Joint Director or Joint Commissioner or Assistant Director or Assistant Commissioner or Income-tax Officer, o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s code thereof is not available; (iv) search any person who has got out of, or is about to get into, or is in, the building, place, vessel, vehicle or aircraft, if the authorised officer has reason to suspect that such person has secreted about his person any such books of account, other documents, computer systems or asset; (v) place marks of identification on any books of account or other documents or make or cause to be made extracts or copies therefrom and also from computer systems; (vi) make a note or an inventory of any such asset, and stock-in-trade of the business, found as a result of such search; (vii) seize any such books of account, other documents, computer systems, or asset (other than stock-in-trade of the business), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, or asset in respect of which an officer has been authorised by the competent authority to take action under sub-section (1)(i) to (viii) are or is kept in any building, place, vessel, vehicle or aircraft not mentioned in the authorisation under sub-section (1), then such Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may, irrespective of anything contained in section 241, authorise the said officer to take action under any of the clauses aforesaid in respect of such building, place, vessel, vehicle or aircraft. (4) The authorised officer may, where it is not practicable to seize, any such books of account, other documents, computer systems, asset, bank locker, bank account, for reasons other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion may thereafter be used in evidence in any proceeding under this Act; and (b) the examination of any such person may be not merely in respect of any books of account, other documents or assets found as a result of the search, but also in respect of all matters relevant for the purposes of any investigation connected with any proceeding under this Act. (7) Where any books of account (in physical form or electronic form), other documents or asset, is found in the possession or control of any person in the course of a search, it may be presumed- (a) that such books of account, computer systems, virtual digital space, other documents or asset, belong or belongs to such person; (b) that the contents of such books of account, other doc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eferred to in section 413 shall, mutatis mutandis, apply to such provisional attachment. (9) The authorised officer may, during the course of the search or seizure, or within sixty days from the date on which the last of the authorisations for search was executed, make a reference to a Valuation Officer, or any person registered as a value under section 514, or any person or entity registered by or under any law enforce, requiring him to-- (a) estimate the fair market value of the property in the manner, as prescribed; and (b) submit a report of the estimate to the authorised officer or the Assessing Officer, within sixty days from the date of receipt of such reference. (10) The provisions of the Bharatiya Nagarik Suraksha Sanhita, 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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