CBDT tells tax officers to tighten scrutiny of unexplained income, assets

The Central Board of Direct Taxes has directed tax officers to be more careful and consistent when using rules against hidden income and assets. This follows a report highlighting inconsistent application that cost the government revenue. These rules help tax authorities treat unexplained money, investments, or spending as income if taxpayers cannot provide a valid source.

Raccontata daeconomictimes.indiatimes.com