Section 69C: Inapplicable if Assessee's Expenditure is from Known Sources; Requires Unexplained Source for Invocation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....When an assessee incurs expenditure from known sources section 69C does not get attracted; in order to invoke the section it has to be shown that the assessee had not explained about the source of such expenditure or part thereof - AT....