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of <h1>Income Tax Bill 2025 Introduces Comprehensive Search Operation Assessment Procedure Under Clause 292 for Undisclosed Income Evaluation</h1> A new legislative provision in the Income Tax Bill, 2025 introduces a comprehensive procedure for assessing income discovered during search operations. Clause 292 establishes an exclusive mechanism for block period income assessment, replacing previous statutory approaches. The provision aims to streamline tax proceedings by abating existing assessments, preventing duplicate evaluations, and creating a clear framework for handling undisclosed income and subsequent searches while ensuring procedural fairness and administrative efficiency.
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