Section 278D Presumption as to assets, books of account, etc., in certain cases.

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The Tax Publishers [1][278D. Presumption as to assets, books of account, etc., in certain cases. (1) Where during the course of any search made under Section 132, any money, bullion, jewellery or other valuable article or thing (hereafter in this section referred to as the assets) or any books of account or other documents has or have been found in the possession or control of any person and such assets or books of account or other documents are tendered by the prosecution in evidence against such person or against such person and the person referred to in Section 278 for an offence under this Act, the provisions of sub-section (4A) of Section 132 shall, so far as may be, apply in relation to such assets or books of account or other documents. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][278D. Presumption as to assets, books of account, etc., in certain cases.

(1) Where during the course of any search made under Section 132, any money, bullion, jewellery or other valuable article or thing (hereafter in this section referred to as the assets) or any books of account or other documents has or have been found in the possession or control of any person and such assets or books of account or other documents are tendered by the prosecution in evidence against such person or against such person and the person referred to in Section 278 for an offence under this Act, the provisions of sub-section (4A) of Section 132 shall, so far as may be, apply in relation to such assets or books of account or other documents.