§192
Section 192 — Tax in case of block assessment of search cases
In plain terms: This section taxes the total undisclosed income of a search case's block period at a flat rate of 60%, plus any surcharge levied by a Central Act.
(1) Irrespective of anything contained in any other provisions of this Act, the total undisclosed income of the block period, determined under section 294 shall be chargeable to tax at the rate of 60%.
(2) The tax chargeable under sub-section (1) shall be increased by a surcharge, if any, levied by any Central Act.