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In continuation of discussion I would like to submit that  Section 131(1) empower the assessing officer as the powers vested in a court under the Code of Civil Procedure,95 of 1908 in connection discovery and inspection etc. The section 2(17)(d) the Code of Civil Procedure,1908 discussed about powers of officer of  court to administer oath along with other judicial power. therefore, an income tax officer can administer oath during any proceeding. 

Although first clause should not create hindrance in getting registration U/S 12aa because no particular community are getting its benifit but to counter first clause u may change it after introducing two or three or more person's board  to perform such duty.
Second clause may be objectionable, which can be modified as per Income Tax Act Act to obtain registration. purpose/ object should be general benifit not for particular community.

When u deales in Capital gain matter ,You must keep in mind when the transfer of property  instrument got registred in the assessee's name becasue it is evdence of transfer of property, then you will count long term/ short term capiatl gain accordingly and calculate exemption as per act.

Any Confessional statement made before the I.T. Officer by an assesee is how much valid in the eyes of settled law.

Is union budget is increasing inflation, if yes, then what precaution measures should initiate in this budget by the learned finance Minister. Suhail Anjum Siddiqui,Advocate