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of <h1>Unexplained expenditure can be treated as income under Section 69 and is expressly non-deductible under any head</h1> Where an assessee incurs expenditure in a financial year and either offers no explanation for its source or the explanation is found unsatisfactory by the Assessing Officer, the amount (or part) of that expenditure may be treated as the assessee's income for that year; such deemed income is expressly non-deductible under any head, regardless of any other provision of the Act.
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