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of <h1>Taxation Laws Amendment Extends ITO's Time for Estimating Undisclosed Income from 90 to 112 Days Post-Seizure.</h1> Sub Clause (a) of Section 23 of the Taxation Laws (Amendment) Act, 1984 amends sub-section (5) of Section 132 of the Income Tax Act concerning search and seizure procedures. The amendment extends the time for the Income Tax Officer (ITO) to estimate undisclosed income and calculate tax from 90 days to 112 days post-seizure, effective from October 1, 1984. The Board has decided that for seizures made on or before September 30, 1984, the original 90-day limit applies. These instructions should be disseminated to all relevant parties.
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