MCQ Warrant for requisition of books documents and

MCQ

Warrant for requisition of books & documents and assets seized by other authority is issued in Form No. A. Form 45 C B. Form 45 A C. Form 45 D. Form 45 D

A warrant in Form 45 C can not be issued by A. Principal Director of Income-tax B. Joint Director of Income-tax C. Director General of Income-tax D. Director of Income-tax

What is the minimum number of witness required at any given point of search operation. A. One B. Two C. Three D. No minimum requirement

Under which rule a witness is being called for search A. 132(3) B. 112 D C. 131(1 A) D. 112(6)

Prohibitory order placed u/s. 132(3) is valid for A. No specific time limitation but should be lifted within a reasonable period B. 60 days C. 15 days D. 7 days

Books and documents seized u/s. 132(1) can be retained without approval of Competent Authority for a period upto A. 60 days from the date of seizure B. 60 days from date of last execution of warrant C. 15 days from the date of seizure D. 30 days from the date of assessment order u/s. 153 A

Books and documents impounded u/s. 133 A(3) can be retained without approval of the PCIT for a period not exceeding A. 15 days (excluding holidays) B. 15 days (including holidays) C. 30 days D. 60 days

During a search operation a sworn statement can be recorded from _______ A. Only the person whose name is mentioned in the warrant. B. Any person present in the premises. C. A person coming in or going out of the searched premises. D. None of the above

An authorised officer can record preliminary statement under section A. 131 B. 132(4) C. 131(1 A) D. 132(5)

In respect of examination u/s. 132(4), which of the following is correct: A. Only the searched person can be examined. B. Anyone present in the searched premises can be examined. C. Examination need not be limited to B&D or assets found in possession of any person. D. None of the above

Which section empowers authorised officer to requisition the services of Police or Central Govt. officers A. 132(2) B. 112(6) C. 132(3) D. 112(4 A)

Authorised Officer can demand free ingress into the premises to be searched under Rule - A. 112(3) B. 112(2) C. 132(1) D. 132(8)

If otherwise AO cannot obtain entry into a building to be searched, to effect entry he can _ _ _ A. Break open outer door or window, but not the inner doors, of such building. B. Break open outer or inner door or window, of such building only. C. Break open outer or inner door or window, of such building or any other building D. None of the above.

Before breaking open to obtain entry into the premises to be searched, AO should compulsorily A. Show warrant and demand entry, in presence of two witness B. Record reason for breaking open and get signature of witnesses C. Notify his authority and purpose and demand admittance. D. None of the above.

As per Board’s instruction no. 1916, how much gold jewellery and ornaments need not be seized from an unmarried lady A. 750 grams B. 500 grams C. 100 grams D. 250 grams

During the course of Survey operation an Income-tax Inspector can: A. Place identification marks on the B&D B. Record statement C. Impound B&D D. Make extracts from B&D

Before conducting a Survey, assessing officer should take approval of the - A. Joint Commissioner of Income-tax B. Principal Commissioner of Income-tax C. Chief Commissioner of Income-tax D. No approval required for the assessing officer

Which of the following is most suitable for appointment as witness to a search proceeding A. Police officer B. Bank officer C. Chartered accountant of the assessee D. Advocate of the assessee

A provisional attachment made during the course of search operation is valid for a period of A. Two months B. Six months C. Twelve months D. One month

Failure to comply with summons u/s. 131(1) attracts penalty: A. 272 A(1)(a)- Rs. 10, 000/B. 272 A(1)(a) – Rs. 5, 000/C. 272 A(1)(c) – Rs. 10, 000/D. None of the above.

Contravention of an order u/s. 132(3) or second proviso to Sec. 132(1) is punishable with A. Sec. 275 A – Rigorous imprisonment upto 2 years. B. Sec. 275 – Rigorous imprisonment upto 2 years. C. Sec. 275 B – Rigorous imprisonment upto 2 years. D. Sec. 275 A – Rigorous imprisonment upto 6 months.

Procedure to break open any box, locker, safe, almirah other receptacle during a search proceeding is laid in Rule: A. 112(4) B. 112(4 A) C. Proviso to Rule 112(4 A) D. 112(4 B)

Which of the following statement is false: A. Stock in trade cannot be seized B. Stock in trade shall be inventorised C. Gold jewellery and bullion in the nature of capital asset can be seized D. None of the above.

The concerned person has to make an application for release of seized assets within 30 days from: A. End of the month in which it was seized B. Date of seizure C. Date on which last authorization was executed D. Date of initiation of search

Which of the following statement is correct in respect of excess seizure: A. Interest @ 1% is payable B. Interest @1/2% is payable C. Interest @1 -1/2% is payable D. No interest is payable