Search, Survey, Summons & Reassessment Under The Income Tax Act, 1961 (As Amended by the Finance Act, 2025)

"A citizen has the right to go where he pleases" - yet the power of the State to initiate search and survey is an exceptional measure in certain cases. This book offers a comprehensive guide in respect of the law and procedure governing search and survey under tax laws. It covers the entire process-from recording of satisfaction to authorise a search, issuance and execution of warrant, conduct of the search, preparation of the Panchnama, recording of statements, and other consequential actions, right up to the stage of completion of assessment. In course of such action, often, the taxpayer remains a passive observer, unaware of the implications of such action. This book aims to demystify the law, making the procedural and legal aspects more accessible and ultimately culminating in a more informed and participative process between the tax payer and the Department.

Key Topics Include:

• Recording of satisfaction to authorise a Search under section 132 and Requisition under section 132A
• Conduct of search
• Process of seizure
• Relevance of Panchanama
• Recording of statement in course of search and after conclusion of search under section 132(4)/131(1A)/133A(3)(iii)/131 of the Act
• Prohibitory order issued under section 132(3)
• Provisional attachment
• Presumption under section 132(4A)
• Evidentiary value of notings in loose papers
• Application of seized assets
• Conduct of survey
• Digital Evidence