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of <h1>Unexplained taxpayer expenditure treated as income for the year and disallowed as a deduction under Section 69</h1> Where a taxpayer incurs expenditure in a tax year and either offers no explanation for its source or the explanation is found unsatisfactory by the Assessing Officer, the portion of that expenditure shall be treated as the taxpayer's income for that year. That deemed income cannot be claimed as a deduction under the Act, regardless of any other provision.
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