Value of an Undisclosed Asset defined as fair market value determined in prescribed manner under the Black Money Act. Value of an Undisclosed Asset is defined to mean the fair market value of an asset, including financial interest in any entity, with that fair market ... Summary
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Value of an Undisclosed Asset defined as fair market value determined in prescribed manner under the Black Money Act.
Value of an Undisclosed Asset is defined to mean the fair market value of an asset, including financial interest in any entity, with that fair market value to be determined in the manner prescribed under the Black Money Act; thus the definition couples the valuation standard of fair market value with a procedural prescription for its determination.
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