https://www.taxtmi.com/acts?id=50302 Amendment provides that where assets are found in a search and the assessee claims they were acquired from income, the assessee is deemed to have concealed income or furnished inaccurate particulars for penalty purposes unless the income or transactions are recorded in books of account before the search date (for prior years) or on or before that date (for years ending on or after the search), or the income is otherwise disclosed to the Commissioner before that date. en-us Thu, 06 Mar 2025 18:16:41 +0530 Thu, 06 Mar 2025 18:16:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50302 Amendment provides that where assets are found in a search and the assessee claims they were acquired from income, the assessee is deemed to have concealed income or furnished inaccurate particulars for penalty purposes unless the income or transactions are recorded in books of account before the search date (for prior years) or on or before that date (for years ending on or after the search), or the income is otherwise disclosed to the Commissioner before that date. Act-Rules F. Acts / Amendment Acts Thu, 06 Mar 2025 18:16:41 +0530 https://www.taxtmi.com/acts?id=50302