Search, Seizure & Survey under Income Tax Act (2nd Edition, 2024)
- Year of Publication: 2024
- Edition: 2nd
- ISBN: 978-93-48080-30-1
- No.of Pages: 452
The Income Tax Search and Seizure laws are quite complex and not very easy to grasp, besides, the conduct of Search and Seizure proceedings is quite onerous, from the point of view of a taxpayer. The legislation pertaining to Income Tax Search and Seizure, and in particular, the assessment procedures, has undergone changes on several occasions in the past. In addition to legal concerns, searched persons often have to deal with practical difficulties. An attempt has been made in this book to understand and handle such practical situations connected to Search and Seizure proceedings.
The concept of block assessment related to search assessments was initially introduced in the Income Tax Act, 1961, through the Finance Act, 1995. Through the Finance Act, 2003, the concept of block assessment was abolished with the introduction of sections 153A, 153B, 153C, and 153D. Then, Finance Act, 2021 deleted the special provisions for the assessment of search cases under sections 153A and 153C and introduced new assessment procedures. Now, very recently, the search related assessments have once again been brought under the ambit of “Block Assessment Scheme”. I have not only discussed the old procedure of assessment in detail but have also described the new assessment procedure applicable to searches conducted on or after 1-9-2024.
The book is divided into several chapters, each describing a specific topic. Powers of the Income Tax Authorities have been explained, and simultaneously, along with restrictions imposed on the officers before authorising search and seizure operation. A chapter in the book has been devoted to rights and duties of the taxpayers at the time of search. This book also reflects upon the procedure to be followed while conducting a search and seizure operation. For detailed analysis and discussion, one may refer to the appropriate section in the book.
Mr. Manoj Kumar Patawari, F.C.A., is a Senior Partner at M.C. Jain and Co., one of India's most esteemed Chartered Accountant firms, established in 1960. A distinguished All-India Rank holder in the C.A. examination, he brings over 34 years of post- qualification expertise in diverse areas, including audit, internal audit, taxation, company law, and GST matters.
Mr. Patawari's specialized expertise encompasses CIT Appeals, ITAT matters, and Search and Seizure cases. He has represented numerous multinational corporations and domestic companies in taxation matters, providing strategic tax planning advice. A respected authority in his field, he frequently addresses seminars on Income Tax topics. His vast experience spans various industries, including pharmaceuticals, real estate, and textiles, with a focus on search and seizure matters. He has successfully managed numerous high-profile cases for Indian and multinational corporations, providing tax advisory and litigation support before various tax authorities, including:
- Income Tax Investigation Wing
- Commissioners of Income Tax
- Income Tax Appellate Tribunals (across India)
Fellow Chartered Accountants and advocates often seek Mr. Patawari's expertise to represent complex taxation matters at various levels of the Income Tax Department, valuing his extensive knowledge and experience. Beyond his professional practice, Mr. Patawari is a sought-after guest faculty member at prestigious forums, actively contributing to discussions on significant tax issues at:
- Search and Seizure Tax Conferences
- ITAT Bar Association events
- Leading Chambers of Commerce in India
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2024
- Edition: 2nd
- ISBN: 978-93-48080-30-1
- No.of Pages: 452
The Income Tax Search and Seizure laws are quite complex and not very easy to grasp, besides, the conduct of Search and Seizure proceedings is quite onerous, from the point of view of a taxpayer. The legislation pertaining to Income Tax Search and Seizure, and in particular, the assessment procedures, has undergone changes on several occasions in the past. In addition to legal concerns, searched persons often have to deal with practical difficulties. An attempt has been made in this book to understand and handle such practical situations connected to Search and Seizure proceedings.
The concept of block assessment related to search assessments was initially introduced in the Income Tax Act, 1961, through the Finance Act, 1995. Through the Finance Act, 2003, the concept of block assessment was abolished with the introduction of sections 153A, 153B, 153C, and 153D. Then, Finance Act, 2021 deleted the special provisions for the assessment of search cases under sections 153A and 153C and introduced new assessment procedures. Now, very recently, the search related assessments have once again been brought under the ambit of “Block Assessment Scheme”. I have not only discussed the old procedure of assessment in detail but have also described the new assessment procedure applicable to searches conducted on or after 1-9-2024.
The book is divided into several chapters, each describing a specific topic. Powers of the Income Tax Authorities have been explained, and simultaneously, along with restrictions imposed on the officers before authorising search and seizure operation. A chapter in the book has been devoted to rights and duties of the taxpayers at the time of search. This book also reflects upon the procedure to be followed while conducting a search and seizure operation. For detailed analysis and discussion, one may refer to the appropriate section in the book.
Mr. Manoj Kumar Patawari, F.C.A., is a Senior Partner at M.C. Jain and Co., one of India's most esteemed Chartered Accountant firms, established in 1960. A distinguished All-India Rank holder in the C.A. examination, he brings over 34 years of post- qualification expertise in diverse areas, including audit, internal audit, taxation, company law, and GST matters.
Mr. Patawari's specialized expertise encompasses CIT Appeals, ITAT matters, and Search and Seizure cases. He has represented numerous multinational corporations and domestic companies in taxation matters, providing strategic tax planning advice. A respected authority in his field, he frequently addresses seminars on Income Tax topics. His vast experience spans various industries, including pharmaceuticals, real estate, and textiles, with a focus on search and seizure matters. He has successfully managed numerous high-profile cases for Indian and multinational corporations, providing tax advisory and litigation support before various tax authorities, including:
- Income Tax Investigation Wing
- Commissioners of Income Tax
- Income Tax Appellate Tribunals (across India)
Fellow Chartered Accountants and advocates often seek Mr. Patawari's expertise to represent complex taxation matters at various levels of the Income Tax Department, valuing his extensive knowledge and experience. Beyond his professional practice, Mr. Patawari is a sought-after guest faculty member at prestigious forums, actively contributing to discussions on significant tax issues at:
- Search and Seizure Tax Conferences
- ITAT Bar Association events
- Leading Chambers of Commerce in India
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
