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 investments deemed income when not recorded and the assessee's explanation is unsatisfactory. Where an assessee has made investments in the financial year preceding the assessment year that are not recorded in the books of account for any source of ... 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 investments deemed income when not recorded and the assessee's explanation is unsatisfactory.
Where an assessee has made investments in the financial year preceding the assessment year that are not recorded in the books of account for any source of income, and the assessee offers no explanation or an explanation deemed unsatisfactory by the Assessing Officer, the value of those investments may be deemed to be the income of the assessee of that financial year.
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