Tax in case of block assessment of search cases

Tax2025570 sections23 chapters

Chapter XIII Determination of tax in special cases

Statutory text

(1) Irrespective of anything contained in any other provisions of this Act, the total undisclosed income of the block period, determined under section 294 shall be chargeable to tax at the rate of 60%.
(2) The tax chargeable under sub-section (1) shall be increased by a surcharge, if any, levied by any Central Act.

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