https://www.taxtmi.com/acts?id=49101 Clause 103 deems an investment to be the assessee's income for a tax year where the investment is not recorded in the assessee's books or is found to exceed recorded amounts, and the assessee either offers no explanation as to the nature and source or offers an explanation that is not satisfactory to the Assessing Officer, thereby requiring inclusion of the value or excess amount in the assessee's total income. en-us Fri, 14 Feb 2025 16:51:53 +0530 Thu, 20 Feb 2025 12:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49101 Clause 103 deems an investment to be the assessee's income for a tax year where the investment is not recorded in the assessee's books or is found to exceed recorded amounts, and the assessee either offers no explanation as to the nature and source or offers an explanation that is not satisfactory to the Assessing Officer, thereby requiring inclusion of the value or excess amount in the assessee's total income. Act-Rules Bills Fri, 14 Feb 2025 16:51:53 +0530 https://www.taxtmi.com/acts?id=49101