Application of retained assets (1) The assets retained under sub-section (5A) of section 37A may be dealt with in the following manner, namely :— (i) the amount of the existing liability referred to in clause (iv) of the said sub-section and the amount of the liability determined on completion of the regular assessment or […]
Power to requisition books of account, etc. (1) Where the 71[Director General or Director] or the 72[Chief Commissioner or Commissioner], in consequence of information in his possession, has reason to believe that— (a) any person to whom a notice under sub-section (4) of section 16 or a summons under section 37 was issued to produce, or
Power of search and seizure (1) Where the 31[Director General or Director] or the 32[Chief Commissioner or Commissioner] or any such 33[Joint Director] or 34[Joint Commissioner] as may be empowered in this behalf by the Board, in consequence of information in his possession, has reason to believe that— (a) any person to whom a notice under sub-section (4)
Power to take evidence on oath, etc (1) The 11[Assessing Officer],12[Valuation Officer,] 13[Deputy Commissioner (Appeals)], 14[Commissioner (Appeals),]15[Chief Commissioner or Commissioner] and the Appellate Tribunal shall, for the purposes of this Act, have the same powers as are vested in a court under the Code of Civil Procedure,1908 (5 of 1908), when trying a suit in respect of the
Power to tender immunity from prosecution (1) The Central Government may, if it is of opinion (the reasons for such opinion being recorded in writing) that with a view to obtaining the evidence of any person appearing to have been directly or indirectly concerned in or privy to the concealment of particulars of net wealth
Proof of entries in records or documents Entries in the records or other documents in the custody of a wealth-tax authority shall be admitted in evidence in any proceedings for the prosecution of any person for an offence under this Act, and all such entries may be proved either by the production of the records
Presumption as to culpable mental state (1) In any prosecution for any offence under this Act which requires a culpable mental state on the part of the accused, the court shall presume the existence of such mental state but it shall be a defence for the accused to prove the fact that he had no
Presumption as to books of account, etc., in certain cases (1) Where during the course of any search made under section 37A, any books of account or other documents, articles or things including money have been found in the possession or control of any person and such books of account or other documents are tendered,
Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply. Nothing contained in section 3606 of the Code of Criminal Procedure, 1973 (2 of 1974), or in the Probation of Offenders Act, 1958 (20 of 1958), shall apply to a person convicted of an offence under this
Jurisdiction of courts No court inferior to that of a Metropolitan Magistrate or a Magistrate of the first class shall try any offence under this Act.