https://www.taxtmi.com/acts?id=49103 Where an assessee incurs expenditure and either offers no explanation for its source or the explanation is unsatisfactory to the Assessing Officer, the unreconciled portion is deemed to be the assessee's income for that tax year and is not allowable as a deduction under the Act. en-us Fri, 14 Feb 2025 16:52:20 +0530 Fri, 14 Feb 2025 16:52:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49103 Where an assessee incurs expenditure and either offers no explanation for its source or the explanation is unsatisfactory to the Assessing Officer, the unreconciled portion is deemed to be the assessee's income for that tax year and is not allowable as a deduction under the Act. Act-Rules Bills Fri, 14 Feb 2025 16:52:20 +0530 https://www.taxtmi.com/acts?id=49103