Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Unexplained expenditure deemed income: unsatisfactory source explanations treated as assessable income and disallowed as deductions. If an assessee incurs expenditure and offers no explanation, or an explanation deemed unsatisfactory by the Assessing Officer, the unexplained amount may ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Unexplained expenditure deemed income: unsatisfactory source explanations treated as assessable income and disallowed as deductions.
If an assessee incurs expenditure and offers no explanation, or an explanation deemed unsatisfactory by the Assessing Officer, the unexplained amount may be treated as the assessee's income for that financial year; such deemed income is not allowable as a deduction under any head of income.
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