Amendment of section 133A

Section 61 of the Finance Act, 2003 deals with amendment of section 133A. Amendment of section 133A. 61. In section 133A of the Income-tax Act, with effect from the 1st day of June, 2003,— (a ) in sub-section (3), in clause (ia), in the proviso, for clause (b), the following clause shall be substituted, namely :— "(b) retain in his custody any such books of account or oth

Amendment of section 133A.

61. In section 133A of the Income-tax Act, with effect from the 1st day of June, 2003,—

(a ) in sub-section (3), in clause (ia), in the proviso, for clause (b), the following clause shall be substituted, namely :—

"(b) retain in his custody any such books of account or other documents for a period exceeding ten days (exclusive of holidays) without obtaining the approval of the Chief Commission­er or Director General therefore, as the case may be,";

(b ) after sub-section (6) and before the Explanation , the following proviso shall be inserted, namely :—

" Provided that no action under sub-section (1) shall be taken by an Assistant Director or a Deputy Director or an Assessing Offi­cer or a Tax Recovery Officer or an Inspector of Income-tax without obtaining the approval of the Joint Director or the Joint Commissioner, as the case may be.";

(c ) in the Explanation below sub-section (6), for clause (a), the following clause shall be substituted, namely :—

‘(a) "income-tax authority" means a Commissioner, a Joint Commissioner, a Director, a Joint Director, an Assistant Director or a Deputy Director or an Assessing Officer, or a Tax Recovery Officer, and for the purposes of clause (i) of sub-section (1), clause (i) of sub-section (3), and sub-section (5), includes an Inspector of Income-tax;’.

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Section 61, The Finance Act, 2003.