TMI BlogCash Credits - Section 68, Unexplained Investments -Section 69, Unexplained Money - Section 69AX X X X Extracts X X X X X X X X Extracts X X X X ..... see offers no explanation about the nature and source thereof, or the explanation offered by him is not satisfactory in the opinion of the Assessing Officer, then the sum so credited may be charged to tax as the income of that previous year (i.e., the previous year in the books of which such sum is first credited). * However, where the sum so credited consists of loan or borrowing or any such am ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of such sum so credited; and * such explanation in the opinion of the Assessing Officer aforesaid has been found to be satisfactory. * These additional evidence would not be apply if the person, in whose name the sum referred to therein is recorded, is a venture capital fund or a venture capital company as referred in Section 10(23FB). Unexplained Investments - Section 69 * Where in the pr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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