https://www.taxtmi.com/highlights?id=14405 When the expenditure was not recorded in the books of account and the assessee failed to offer satisfactory explanation about the nature and source of such expenditure, there could arise no question of treating the value of such expenditure, which was deemed to be the income of the assessee, as deductible expenditure in the financial year - AT en-us Tue, 10 Sep 2013 10:26:52 +0530 Tue, 10 Sep 2013 10:26:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=14405 When the expenditure was not recorded in the books of account and the assessee failed to offer satisfactory explanation about the nature and source of such expenditure, there could arise no question of treating the value of such expenditure, which was deemed to be the income of the assessee, as deductible expenditure in the financial year - AT Highlights Income Tax Tue, 10 Sep 2013 10:26:52 +0530 https://www.taxtmi.com/highlights?id=14405