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of <h1>Undisclosed money, bullion or valuables can be taxed as income under Section 69 when explanation is absent or unsatisfactory</h1> If, in any financial year, a taxpayer is found to own money, bullion, jewellery or other valuable articles not recorded in their books of account for any income source, and they either offer no explanation for acquisition or the assessing officer finds the explanation unsatisfactory, the unrecorded money and the value of such bullion, jewellery or valuables may be treated as the taxpayer's income for that year.
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