https://www.taxtmi.com/acts?id=4259 If an assessee is owner of money, bullion, jewellery or other valuable article not recorded in the books of account and offers no explanation, or an explanation which the Assessing Officer finds unsatisfactory, the money and the value of such items may be deemed to be the income of the assessee for that financial year. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 11:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4259 If an assessee is owner of money, bullion, jewellery or other valuable article not recorded in the books of account and offers no explanation, or an explanation which the Assessing Officer finds unsatisfactory, the money and the value of such items may be deemed to be the income of the assessee for that financial year. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4259