https://www.taxtmi.com/acts?id=10583 Where a search on or after 1 June 2007 discovers assets or book entries representing income of a previous year ending before the search, the assessee shall be deemed to have concealed particulars of income or furnished inaccurate particulars for penalty purposes if the return for that year was not filed by its due date or was filed without declaring that income, even if the income is declared in any return furnished on or after the date of the search; the amendment operates retrospectively from 1 June 2007. en-us Tue, 07 Jul 2009 16:14:00 +0530 Tue, 07 Jul 2009 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10583 Where a search on or after 1 June 2007 discovers assets or book entries representing income of a previous year ending before the search, the assessee shall be deemed to have concealed particulars of income or furnished inaccurate particulars for penalty purposes if the return for that year was not filed by its due date or was filed without declaring that income, even if the income is declared in any return furnished on or after the date of the search; the amendment operates retrospectively from 1 June 2007. Act-Rules Bills Tue, 07 Jul 2009 16:14:00 +0530 https://www.taxtmi.com/acts?id=10583