Section 292C of ITA, 1961 : Section 292C: Presumption As To Assets, Books Of Account, Etc
ITA, 1961
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine a scenario where the Income Tax Department conducts a search operation at the residence of Mr. Sharma, a businessman, under Section 132 of the Income-tax Act, 1961. During the search, they find several undisclosed income ledgers, unaccounted cash, and expensive watches without receipts.
Under Section 292C of the Act, in subsequent legal pr...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: All Judiciary Acts to be available within a week.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
