https://www.taxtmi.com/acts?id=51634 Where an assessee makes investments not recorded in books or in excess of recorded amounts and either offers no explanation or an explanation deemed unsatisfactory by the Assessing Officer, the value of such investment or excess is to be treated as the assessee's income for that tax year, placing on the assessee the obligation to explain off books investments and vesting evaluative discretion in the Assessing Officer. en-us Thu, 14 Aug 2025 10:42:40 +0530 Tue, 26 Aug 2025 16:07:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51634 Where an assessee makes investments not recorded in books or in excess of recorded amounts and either offers no explanation or an explanation deemed unsatisfactory by the Assessing Officer, the value of such investment or excess is to be treated as the assessee's income for that tax year, placing on the assessee the obligation to explain off books investments and vesting evaluative discretion in the Assessing Officer. Act-Rules Income Tax Thu, 14 Aug 2025 10:42:40 +0530 https://www.taxtmi.com/acts?id=51634