https://www.taxtmi.com/acts?id=49102 Where an asset owned by or belonging to an assessee is not recorded, or the value found exceeds recorded value, and the assessee offers no explanation or an explanation deemed unsatisfactory by the Assessing Officer, the value (or excess) shall be deemed to be the income of the assessee for the tax year in which the asset is found. "Asset" includes money, bullion, jewellery, virtual digital asset and other valuable articles. en-us Fri, 14 Feb 2025 16:52:08 +0530 Fri, 14 Feb 2025 16:52:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49102 Where an asset owned by or belonging to an assessee is not recorded, or the value found exceeds recorded value, and the assessee offers no explanation or an explanation deemed unsatisfactory by the Assessing Officer, the value (or excess) shall be deemed to be the income of the assessee for the tax year in which the asset is found. "Asset" includes money, bullion, jewellery, virtual digital asset and other valuable articles. Act-Rules Bills Fri, 14 Feb 2025 16:52:08 +0530 https://www.taxtmi.com/acts?id=49102