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<h1>Unexplained expenditure deemed income: unsatisfactory source explanations treated as assessable income and disallowed as deductions.</h1> If an assessee incurs expenditure and offers no explanation, or an explanation deemed unsatisfactory by the Assessing Officer, the unexplained amount may be treated as the assessee's income for that financial year; such deemed income is not allowable as a deduction under any head of income.