1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Manuals
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Section 79: Losses from Undisclosed Income Found in Searches Cannot Offset Such Income from April 2022 Onward.</h1> Section 79, effective from April 1, 2022, stipulates that losses resulting from undisclosed income identified during a search, requisition, or survey under sections 132, 132A, or 133A cannot be set off against such income. Undisclosed income includes assets or transactions not recorded or disclosed before the search or survey and expenses found to be false due to these investigations. This provision applies to income not documented in the regular course of business or not reported to tax authorities before the search or survey.
TaxTMI 
TaxTMI 
