Undisclosed income of Rs 49,325 crore has been detected in the country in the last three years, government said on Friday.
The Income Tax department has
unearthed an undisclosed income of nearly Rs 22 crore over the
last two days by conducting surveys at various establishments
in Madhya Pradesh.
It is mandatory for the Income
Tax Department to serve a notice to the assessee before it
initiates assessment of "undisclosed income", the Supreme
Court has ruled.
Day in Pics: 28th August
August 28, 2014
Bipasha at launch event for Delhi Half Marathon