https://www.taxtmi.com/news?id=3088 Searches based on credible intelligence and verification uncovered undisclosed income and unaccounted assets, with execution and seizure statistics recorded. Mandatory reporting of foreign assets in income tax returns has been introduced; nondisclosure, if detected, will lead to prosecution under income tax law. Authorities employ information technology systems to process and verify information prior to searches, and judicial commentary supports bona fide intrusive measures in the public interest to prevent circulation of black money. en-us Thu, 12 Apr 2012 16:37:01 +0530 Thu, 12 Apr 2012 16:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3088 Searches based on credible intelligence and verification uncovered undisclosed income and unaccounted assets, with execution and seizure statistics recorded. Mandatory reporting of foreign assets in income tax returns has been introduced; nondisclosure, if detected, will lead to prosecution under income tax law. Authorities employ information technology systems to process and verify information prior to searches, and judicial commentary supports bona fide intrusive measures in the public interest to prevent circulation of black money. News - Thu, 12 Apr 2012 16:37:01 +0530 https://www.taxtmi.com/news?id=3088