https://www.taxtmi.com/acts?id=49972 The provision imposes interest on tax attributable to undisclosed income for delayed or absent returns related to searches or requisitions and authorises imposition of a penalty between not less than and up to a specified multiple of the tax determined on such undisclosed income, subject to exceptions where a return is filed and tax paid or offered, and subject to procedural safeguards and limitation rules including opportunity to be heard, approval requirements for larger penalties, exclusion of certain historical searches, and exclusion of specified periods when computing limitation. en-us Sat, 01 Mar 2025 13:42:44 +0530 Sat, 01 Mar 2025 13:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49972 The provision imposes interest on tax attributable to undisclosed income for delayed or absent returns related to searches or requisitions and authorises imposition of a penalty between not less than and up to a specified multiple of the tax determined on such undisclosed income, subject to exceptions where a return is filed and tax paid or offered, and subject to procedural safeguards and limitation rules including opportunity to be heard, approval requirements for larger penalties, exclusion of certain historical searches, and exclusion of specified periods when computing limitation. Act-Rules F. Acts / Amendment Acts Sat, 01 Mar 2025 13:42:44 +0530 https://www.taxtmi.com/acts?id=49972