Download eBook on Survey, Search & Seizure under ... - TaxGuru

Survey, Search & Seizure | 11 |a) To enter the place other than the business premises, if the assesseestates that the cash, stocks, records and books of account relatingto the business are lying there.b) To impound books of accounts and other documents found andinspected during survey with effect from 1 st June, 2002, afterrecording reasons and also to place marks of identification onthe books of account. Further to take copies, extracts from suchbooks of account and documents or recordsc) To enter the place of business during the business hours and inother places, only after sunrise and before sunset.d) To make an inventory of any cash, stocks and other valuableschecked by him.e) To record the statement of any person.f) To collect information regarding nature and quantum ofexpenditure incurred in connection with personal functions andevents like a wedding ceremony and any other functions.g) To discover, and production of evidence etc., under section131(1), once there is non-cooperation of the assessee.However it may be noted that only some of the above powers areexercisable by an Income TaxQ.9 Are there any restrictions on powers of an Income Tax Inspectorduring Survey?Ans. It may be noted here that all the powers of a survey team are notavailable to an Income Tax Inspector in so far as he can only inspectthe Books of Accounts and other documents found at premisesunder survey, place marks of identification on them (which hasbeen inspected by him), make or cause to be made copies thereof orexercise all powers available u/s 133A(5).As such an Inspector of Income Tax can not check, verify, make aninventory of cash, stock, etc. and also can not record the statement ofany person during the course of survey.Q.10 Is there any bar on initiation and completion of survey? Cansurvey continue beyond business hours & in wee hours?www.taxguru.in