News Analysis / Income Tax Dept. Surveys BBC
Published on: February 20, 2023
Source: The Indian Express
Why in News?
Recently, the Income Tax (I-T) Department conducted surveys at the premises of the British Broadcasting Corporation (BBC) in Delhi and Mumbai.
Which Laws Confer Authority on the I-T Department to Conduct Surveys?
The Income Tax Department is conducting surveys at BBC offices using Section 133A of the Income Tax Act, 1961, which allows authorised officers to enter any business, profession, or charitable activity within their jurisdiction to collect hidden information.
This provision was added to the Act through an amendment in 1964.
During the survey, the officers can verify the books of account or other documents, cash, stock, or other valuable articles or things. The officers may impound and retain any books of account or other documents after recording reasons for doing so.
The provisions for impounding or seizing goods were introduced in the Finance Act, 2002.
What is the Difference Between Search and Survey Under I-T Act?