Amendment of section 132

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..... rtion beginning with the words "he may authorise" and ending with the brackets and words " (hereinafter referred to as the authorised officer) to-", the following shall be substituted, namely: - "then - (A) the Director of Inspection or the Commissioner, as the case may be, may authorise any Deputy Director of Inspection, Inspecting Assistant Commissioner, Assistant Director of Inspection or Income-tax Officer; or (B) such Deputy Director of Inspection or Inspecting Assistant Commissioner, as the case may be, may authorise any Assistant Director of Inspection or income-tax Officer, (the officer so authorised in all cases being hereinafter referred to as the authorised officer) to-"; (iv) in clause (i), for the words "building or p .....

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..... horised by the Director of Inspection or any other Commissioner or any such Deputy Director of Inspection or Inspecting Assistant Commissioner as may be empowered in this behalf by the Board to take action under clauses (i) to (v) of sub-section (1) are or is kept in any building, place, vessel, vehicle or aircraft not mentioned in the authorisation under sub-section (1), such Commissioner may, notwithstanding anything contained in section 121, authorise the said officer to take action under any of the clauses aforesaid in respect of such building, place, vessel, vehicle or aircraft."; (c) in sub-section (2), after the word, brackets and figure "sub-section (1)", the words, brackets, figure and letter "or sub-section (1A)" shall be insert .....

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..... ll, within ninety days of the seizure, make an order, with the previous approval of the Inspecting Assistant Commissioner,-"; (ii) after clause (ii), the following clause shall be inserted) namely: - "(iia) determining the amount of interest payable and the amount of penalty imposable in accordance with the provisions of the Indian Income-tax Act, 1922 (11 of 1922) or this Act, as if the order had been the order of regular assessment;"; (iii) for the words, brackets and figures "clauses (ii) and (iii)", at both the places where they occur, the words, brackets, figures and letter "clauses (ii), (iia) and (iii)" shall be substituted; (iv) in the first proviso, after the words "the financial year in which the assets were seized", the w .....

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