Presumption as to assets, books of account, etc.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ny proceeding under this Act, be presumed that (i) such books of account or other documents, articles or things including money belong to such person; (ii) the contents of such books of account or other docu ments are true; and (iii) the signature and every other part of such books of account or other documents which purport to be in the hand wr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 7B, had been found in the possession or control of that person in the course of a search under section 37A. ] ---------------------- Notes: 1. Inserted vide Finance Act, 2007, w.r.e.f. 1-10-1975. 2. Section 42D renumbered as sub-section (1), by Finance Act, 2008, w.e.f. 1.4.2008. 3. Inserted by Finance Act, 2008, w.e.f. 1.10.1975. - - statute, statutory provisions legislati .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X