Section 69: Deemed Income for Hindu Undivided Families with Insufficient Explanation, No Need for Further Investigation.

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....Additions u/s 69 - So long as the explanation is not sufficient and it can be termed as deemed income of HUFs, it is not necessary to further examine the aspect as to whether there was any income earned by the Company and as to whether there was diversion of money to the HUFs or not? - HC....