Unexplained asset.

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....owned by or belonging to the ^1[assessee] which is not recorded in the books of account, if any, maintained by such assessee for any source of income, or the Assessing Officer finds that the amount ex....

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....sing Officer, then, the value of such asset, or such excess amount, as the case may be, shall be deemed to be the income of the assessee of the tax year in which such asset has been found to be own....