Section 4A: Unexplained wealth

4A. Unexplained wealth (1) Notwithstanding section 4, where the DirectorGeneral has reasonable ground to suspect that a person has acquired unexplained wealth of 10 million rupees or more, he 226 Acts 2016 shall, in accordance with section 9 of the Good Governance and Integrity Reporting Act 2015, make a written report to the Agency specifying the full name and address of the person and the sum of the unexplained wealth. (2) Where a report is made under subsection (1), the sum speci(cid:191)ed in the report shall, subject to this section, not be liable to income tax. (3) Where the Integrity Reporting Board does not direct the Agency to institute action for the con(cid:191)scation of the sum speci(cid:191)ed in subsection (1), wholly or partly, the Agency shall inform the Director-General, who shall as soon as is reasonably practicable, in respect of any sum speci(cid:191)ed in the report and which is not subject to con(cid:191)scation, issue, notwithstanding section 123A, an assessment in respect of that sum. (4) In this section – “ Agency” means the Integrity Reporting Services Agency established under section 4 of the Good Governance and Integrity Reporting Act 2015; “ Integrity Reporting Board” means the Integrity Reporting Board referred to in section 7 of the Good Governance and Integrity Reporting Act 2015. (c) by inserting, after section 16, the following new section –