https://www.taxtmi.com/acts?id=51636 Section 105 provides that expenditure for which the taxpayer offers no explanation, or an explanation deemed unsatisfactory by the Assessing Officer, is to be treated as deemed income of the relevant tax year; that deemed amount is not allowable as a deduction under the Act. en-us Thu, 14 Aug 2025 10:44:43 +0530 Tue, 26 Aug 2025 16:15:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51636 Section 105 provides that expenditure for which the taxpayer offers no explanation, or an explanation deemed unsatisfactory by the Assessing Officer, is to be treated as deemed income of the relevant tax year; that deemed amount is not allowable as a deduction under the Act. Act-Rules Income Tax Thu, 14 Aug 2025 10:44:43 +0530 https://www.taxtmi.com/acts?id=51636