Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure 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-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Tax on unexplained income under specified sections imposes separate high-rate levy and disallows deductions and setoffs. Income identified under the provisions relating to unexplained credits, investments or entries is taxed by aggregating (i) a separate tax on that identified income at a special rate and (ii) the tax on the assessee's remaining income after excluding the identified amount; no deduction, allowance or set off of loss is allowed against the identified income.
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.
Provisions expressly mentioned in the judgment/order text.
Tax on unexplained income under specified sections imposes separate high-rate levy and disallows deductions and setoffs.
Income identified under the provisions relating to unexplained credits, investments or entries is taxed by aggregating (i) a separate tax on that identified income at a special rate and (ii) the tax on the assessee's remaining income after excluding the identified amount; no deduction, allowance or set off of loss is allowed against the identified income.
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