Undisclosed income classification shapes assessment scope and evidentiary triggers in search and requisition cases under special procedure. Defines key terms for special procedure in search cases: block period as six preceding tax years plus the period from 1 April of the initiation year to the execution of the last authorisation; requisition as demand for books, documents or assets; search as actions under the search provision; 'last of the authorisations' determined by final panchnama or actual receipt; and undisclosed income encompassing money, bullion, jewellery, virtual digital assets, other valuables, expenditures, entries or transactions and incorrect claims of expense, exemption, deduction or allowance for the block period.
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Provisions expressly mentioned in the judgment/order text.
Undisclosed income classification shapes assessment scope and evidentiary triggers in search and requisition cases under special procedure.
Defines key terms for special procedure in search cases: block period as six preceding tax years plus the period from 1 April of the initiation year to the execution of the last authorisation; requisition as demand for books, documents or assets; search as actions under the search provision; "last of the authorisations" determined by final panchnama or actual receipt; and undisclosed income encompassing money, bullion, jewellery, virtual digital assets, other valuables, expenditures, entries or transactions and incorrect claims of expense, exemption, deduction or allowance for the block period.
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