Unexplained expenditure, etc. [ Section 69C read with Section 115BBE ]

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....ion, if any, offered by him is not, in the opinion of the Assessing Officer, satisfactory, * the amount covered by such expenditure or part thereof, as the case may be, may be deemed to be the income of the assessee for such financial year : Not allowed any deduction under any head - Notwithstanding anything contained in any other provision of this Act, such unexplained expenditure which is dee....

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....espect of any income chargeable to tax under section 115BBE(1)(i) of the Income-tax Act, the amount of income-tax computed under this sub-section shall be increased by a surcharge, calculated at the rate of 25% of such income-tax. Penalty u/s 271AAC- * Where income of assessee includes income u/s 68/69/69A/69B/69C/69D , the following officers - * Assessing Officer ; or * Joint Commissioner....