Taxation of unexplained income: specified incomes attract a high fixed rate plus tax on the balance.

When an assessee's total income includes amounts treated as unexplained under the provisions dealing with unaccounted or inadequately explained receipts-whether disclosed in the return or determined by the Assessing Officer-the tax payable is computed as an aggregate: a fixed high-rate tax on those identified amounts, plus the tax that would be chargeable on the assessee's total income after excluding those amounts.

---

---

---