Section 132 Income Tax Act

Tax raids based on unsubstantiated rumours or simply suspicion will be legit after the government's tweaks to the Income Tax law. But the changes will be effective retrospectively in an apparent turnaround by the government despite its promise not to do so. The amendment to Section 132 of the Income Tax Act dealing with searches by taxmen says that...

Tax raids based on an unsubstantiated rumour or suspicion is legit after the government has made changes to law retrospectively, going back on its own promise not to do so.

Tax raids based on unsubstantiated rumours or simply suspicion will be legit after the government's tweaks to the Income Tax law. But the changes will be effective retrospectively in an apparent turnaround by the government despite its promise not to do so. The amendment to Section 132 of the Income Tax Act dealing with searches by taxmen says that...

Tax raids based on an unsubstantiated rumour or suspicion is legit after the government has made changes to law retrospectively, going back on its own promise not to do so.