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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

            Provisions expressly mentioned in the judgment/order text.

            <h1>Income Declaration Scheme Rules 2016: Calculating Undisclosed Income by Adjusting Asset Value with Previously Taxed Income.</h1> In cases where undisclosed income is invested in an asset, and part of the asset's value comes from previously taxed income, the Income Declaration Scheme Rules, 2016, dictate the calculation of undisclosed income. The undisclosed income is determined by subtracting from the asset's fair market value an amount proportional to the previously assessed income. For example, if an asset valued at Rs. 1500 was partly funded by Rs. 200 of taxed income, the undisclosed income is Rs. 900, calculated by reducing the fair market value by the proportionate share of the assessed income.

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