https://www.taxtmi.com/acts?id=4258 Where an assessee has made investments in the financial year preceding the assessment year that are not recorded in the books of account for any source of income, and the assessee offers no explanation or an explanation deemed unsatisfactory by the Assessing Officer, the value of those investments may be deemed to be the income of the assessee of that financial year. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 11:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4258 Where an assessee has made investments in the financial year preceding the assessment year that are not recorded in the books of account for any source of income, and the assessee offers no explanation or an explanation deemed unsatisfactory by the Assessing Officer, the value of those investments may be deemed to be the income of the assessee of that financial year. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4258