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of <h1>Clause 294 Revolutionizes Tax Search Assessments with Electronic Filing, Expedited Procedures, and Enhanced Income Verification Mechanisms</h1> A new legislative framework for block assessments in tax search cases is introduced through Clause 294 of the Income Tax Bill, 2025. The clause modernizes existing procedures for assessing undisclosed income discovered during search operations, emphasizing expedited assessment, clear timelines, and technological integration. Key changes include mandatory electronic filing, stricter compliance requirements, and a comprehensive approach to income assessment that covers both disclosed and undisclosed income, while maintaining procedural safeguards against arbitrary actions.
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