https://www.taxtmi.com/article/detailed?id=10752 Section 115BBE mandates that income treated as unexplained under specified deeming provisions be taxed separately at a special high rate with no deduction, allowance or set off allowed for that component; tax is computed by aggregating tax on the unexplained component at the special rate and taxing the residual income as if the unexplained amount were excluded. Tribunal decisions emphasize that such taxation requires objective material supporting the assessing officer's subjective satisfaction, proof of identity and creditworthiness for cash receipts, adherence to natural justice, and may be limited where tracing or additional evidence establishes the source. en-us Sat, 15 Oct 2022 10:44:16 +0530 Sat, 15 Oct 2022 10:44:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10752 Section 115BBE mandates that income treated as unexplained under specified deeming provisions be taxed separately at a special high rate with no deduction, allowance or set off allowed for that component; tax is computed by aggregating tax on the unexplained component at the special rate and taxing the residual income as if the unexplained amount were excluded. Tribunal decisions emphasize that such taxation requires objective material supporting the assessing officer's subjective satisfaction, proof of identity and creditworthiness for cash receipts, adherence to natural justice, and may be limited where tracing or additional evidence establishes the source. Articles Income Tax Sat, 15 Oct 2022 10:44:16 +0530 https://www.taxtmi.com/article/detailed?id=10752