Section 69 Income Tax Act: Unexplained Income Deemed as Taxable, Employment Status Irrelevant, Including UN Employees.

Section 69 Income Tax Act: Unexplained Income Deemed as Taxable, Employment Status Irrelevant, Including UN Employees. https://www.taxtmi.com/highlights?id=44332 Additions u/s 69 - It is a deeming provision and addition is made on account of unaccounted income of the assessee for which source is not explained. Therefore, whether assessee is working with UNO or not would not make out any case in favour of the assessee. en-us Tue, 05 Feb 2019 13:26:04 +0530 Tue, 05 Feb 2019 13:26:04 +0530 TaxTMI RSS Generator Section 69 Income Tax Act: Unexplained Income Deemed as Taxable, Employment Status Irrelevant, Including UN Employees. https://www.taxtmi.com/highlights?id=44332 Additions u/s 69 - It is a deeming provision and addition is made on account of unaccounted income of the assessee for which source is not explained. Therefore, whether assessee is working with UNO or not would not make out any case in favour of the assessee. Highlights Income Tax Tue, 05 Feb 2019 13:26:04 +0530 https://www.taxtmi.com/highlights?id=44332