https://www.taxtmi.com/acts?id=53924 Where a declaration of income or asset is made under the Scheme and assessment proceedings under the Income-tax Act, 1961 or the Black Money Act are pending in respect of the same income or assets, the Assessing Officer must take the declaration into account while finalising the assessment order. The provision governs the treatment of such declarations in ongoing assessment proceedings and integrates the disclosed material into the pending adjudicatory process. en-us Tue, 31 Mar 2026 16:02:05 +0530 Tue, 31 Mar 2026 16:02:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53924 Where a declaration of income or asset is made under the Scheme and assessment proceedings under the Income-tax Act, 1961 or the Black Money Act are pending in respect of the same income or assets, the Assessing Officer must take the declaration into account while finalising the assessment order. The provision governs the treatment of such declarations in ongoing assessment proceedings and integrates the disclosed material into the pending adjudicatory process. Act-Rules F. Acts / Amendment Acts Tue, 31 Mar 2026 16:02:05 +0530 https://www.taxtmi.com/acts?id=53924