Unexplained investments [ Section 69 Read with Section 115BBE ]

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y source of income, and * the assessee offers no explanation about the nature and source of the investments or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, * the value of the investments may be deemed to be the income of the assessee of such financial year. Tax and Penalties on such unexplained Investment Tax u/s 115BBE- * Where the total in....