100% of disputed tax is payable under DTVSV Act if assessment made on basis of info. obtained during search of 3rd party

INCOME-TAX : As per section 3 of DTVSV Act where assessment is made on basis of search ,amount payable by assessee would be 125% of disputed tax declared by assessee and where declarant files a declaration in accordance with section 4 in respect of tax arrears , amount payable shall be 100% of disputed tax declared

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