Presumption as to assets, books of account, etc.

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..... der section 132 3 [or survey under section 133A ], it may, in any proceeding under this Act, be presumed- (i) that such books of account, other documents, money, bullion, jewellery or other valuable article or thing belong or belongs to such person; (ii) that the contents of such books of account and other documents are true; and (iii) that the signature and every other part of such b .....

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..... (b) or clause (c), as the case may be, of sub-section (1) of section 132A, had been found in the possession or control of that person in the course of a search under section 132 ] ------------------------ Notes :- 1. Inserted by the Finance Act, 2007, w.r.e.f. 1-10-1975. 2. Section 292C renumbered as sub-section (1), by Finance Act, 2008, w.e.f. 1-4-2008. 3. .....

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