https://www.taxtmi.com/acts?id=8590 If the Assessing Officer is not satisfied with an assessee's claim about expenditure relating to income not includible in total income, the officer shall determine that expenditure as the sum of (i) expenditure directly attributable to such non includible income and (ii) an investment value allowance computed from an annual average of monthly averages of opening and closing balances of investment value, with the aggregate not exceeding the expenditure claimed. en-us Fri, 28 Mar 2008 19:20:17 +0530 Thu, 07 Oct 2021 13:15:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8590 If the Assessing Officer is not satisfied with an assessee's claim about expenditure relating to income not includible in total income, the officer shall determine that expenditure as the sum of (i) expenditure directly attributable to such non includible income and (ii) an investment value allowance computed from an annual average of monthly averages of opening and closing balances of investment value, with the aggregate not exceeding the expenditure claimed. Act-Rules Income Tax Fri, 28 Mar 2008 19:20:17 +0530 https://www.taxtmi.com/acts?id=8590