https://www.taxtmi.com/circulars?id=9978 Where searches uncover unexplained jewellery or immovable property indicating assessable wealth, the value may be treated as deemed income for the year; officers must obtain from the assessee an advance, specific commitment as to items and market value and issue the Wealth Tax Act notice to prevent escape from assessment and record ownership particulars. en-us Wed, 17 Jan 1973 00:00:00 +0530 Mon, 13 Jun 2011 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9978 Where searches uncover unexplained jewellery or immovable property indicating assessable wealth, the value may be treated as deemed income for the year; officers must obtain from the assessee an advance, specific commitment as to items and market value and issue the Wealth Tax Act notice to prevent escape from assessment and record ownership particulars. Circulars Income Tax Wed, 17 Jan 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9978