{"act":{"id":"finance-act-2002","short_title":"The Finance Act, 2002","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2002-2003.","act_number":null,"act_year":2002,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":124,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2002/"},"unit":"section","section":{"number":"58","heading":"Amendment of section 133A","text":"Amendment of section 133A. 58. In section 133A of the Income-tax Act, with effect from the 1st day of June, 2002,— (a ) in sub-section (3), after clause (i), the following clause shall be inserted, namely:— \"(ia) impound and retain in his custody for such period as he thinks fit any books of account or other documents inspected by him: Provided that such income-tax authority shall not— (a) impound any books of account or other documents except after recording his reasons for so doing; or (b) retain in his custody any such books of account or other documents for a period exceeding fifteen days (exclusive of holidays) without obtaining the approval of the Chief Commissioner or Director General or Commissioner or Director therefor, as the case may be.\"; (b ) in sub-section (4), the words \"any books of account or other documents or\" shall be omitted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 133A.</b></p><p><b>58.</b> In section 133A of the Income-tax Act, with effect from the 1st day of June, 2002,—</p><p>(<i>a</i> ) in sub-section (3), after clause (<i>i</i>), the following clause shall be inserted, namely:—</p><p>\"(<i>ia</i>) impound and retain in his custody for such period as he thinks fit any books of account or other documents inspected by him:</p><p><b>Provided</b> that such income-tax authority shall not—</p><p>(<i>a</i>) impound any books of account or other documents except after recording his reasons for so doing; or</p><p>(<i>b</i>) retain in his custody any such books of account or other documents for a period exceeding fifteen days (exclusive of holidays) without obtaining the approval of the Chief Commissioner or Director General or Commissioner or Director therefor, as the case may be.\";</p><p>(<i>b</i> ) in sub-section (4), the words \"any books of account or other documents or\" shall be omitted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":152,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2002/section/58/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}