Amendment of section 132

In force Act 8 of 2023 As on 10 Oct 2026

Act 8 of 2023 Ministry Finance

Section 66 of the Finance Act, 2023 deals with amendment of section 132. Amendment of section 132. 66. In section 132 of the Income-tax Act,— (a) | for sub-section (2), the following sub-section shall be substituted, namely:— "(2) The authorised officer may requisition the services of— (i) | any police officer or of any officer of the Central Government, or of both;

Amendment of section 132.
66. In section 132 of the Income-tax Act,—
(a) for sub-section (2), the following sub-section shall be substituted, namely:—
"(2) The authorised officer may requisition the services of—
(i) any police officer or of any officer of the Central Government, or of both; or
(ii) any person or entity as may be approved by the Principal Chief Commissioner or the Chief Commissioner or the Principal Director General or the Director General, in accordance with the procedure, as may be prescribed, in this regard,
to assist him for all or any of the purposes specified in sub-section (1) or sub-section (1A) and it shall be the duty of every such officer or person or entity to comply with such requisition.";
(b) for sub-section (9D), the following sub-section shall be substituted, namely:—
"(9D) The authorised officer may, during the course of the search or seizure or within a period of sixty days from the date on which the last of the authorisations for search was executed, make a reference to,—
(i) a Valuation Officer referred to in section 142A; or
(ii) any other person or entity or any valuer registered by or under any law for the time being in force, as may be approved by the Principal Chief Commissioner or the Chief Commissioner or the Principal Director General or the Director General, in accordance with the procedure, as may be prescribed, in this regard,
who shall estimate the fair market value of the property in the manner as may be prescribed, and submit a report of the estimate to the authorised officer or the Assessing Officer, as the case may be, within a period of sixty days from the date of receipt of such reference.";
(c) for Explanation 1, the following Explanation shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2022, namely:—
"Explanation 1.—For the purposes of sub-sections (9A), (9B) and (9D), the last of authorisation for search shall be deemed to have been executed,—
(a) in the case of search, on the conclusion of search as recorded in the last panchnama drawn in relation to any person in whose case the warrant of authorisation has been issued; or
(b) in the case of requisition under section 132A, on the actual receipt of the books of account or other documents or assets by the authorised officer."
Section 66, The Finance Act, 2023 (Act 8 of 2023).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

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Questions about Section 66

What does Section 66 of the Finance Act deal with?

Section 66 of the Finance Act is headed "Amendment of section 132". Amendment of section 132. 66. In section 132 of the Income-tax Act,— (a) | for sub-section (2), the following sub-section shall be substituted, namely:— "(2) The authorised officer may requisition the services of— (i) | any police officer or of any officer of the Central Government, or of both;

How do I find court cases under Section 66 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2023 66, section 66 Finance Act 2023, section 66 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 66 of the Finance Act, and has it changed?

Its own text turns on section 132 (Amendment of section 157), Income-tax Act 132 (Search and seizure), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2023 as Act 8 of 2023. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. First Schedule10190 words
2. Income-tax8337 words
Fourth Schedule. Fourth Schedule6615 words
5. Amendment of section 102717 words
150. Substitution of new section for section 1101621 words
54. Insertion of new section 115BAE1218 words

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(a)		for sub-section (2), the following sub-section shall be substituted, namely:—
		"(2) The authorised officer may requisition the services of—

(i)		any police officer or of any officer of the Central Government, or of both; or
(ii)		any person or entity as may be approved by the Principal Chief Commissioner or the Chief Commissioner or the Principal Director General or the Director General, in accordance with the procedure, as may be prescribed, in this regard,

		to assist him for all or any of the purposes specified in sub-section (1) or sub-section (1A) and it shall be the duty of every such officer or person or entity to comply with such requisition.";
(b)		for sub-section (9D), the following sub-section shall be substituted, namely:—
		"(9D) The authorised officer may, during the course of the search or seizure or within a period of sixty days from the date on which the last of the authorisations for search was executed, make a reference to,—

(i)		a Valuation Officer referred to in section 142A; or
(ii)		any other person or entity or any valuer registered by or under any law for the time being in force, as may be approved by the Principal Chief Commissioner or the Chief Commissioner or the Principal Director General or the Director General, in accordance with the procedure, as may be prescribed, in this regard,

		who shall estimate the fair market value of the property in the manner as may be prescribed, and submit a report of the estimate to the authorised officer or the Assessing Officer, as the case may be, within a period of sixty days from the date of receipt of such reference.";
(c)		for Explanation 1, the following Explanation shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2022, namely:—
		"Explanation 1.—For the purposes of sub-sections (9A), (9B) and (9D), the last of authorisation for search shall be deemed to have been executed,—

(a)		in the case of search, on the conclusion of search as recorded in the last panchnama drawn in relation to any person in whose case the warrant of authorisation has been issued; or
(b)		in the case of requisition under section 132A, on the actual receipt of the books of account or other documents or assets by the authorised officer."