2025Section 105

105. Unexplained expenditure.

In the 1961 Act1 match · Unreviewed

1961 Section 69CReworded · Unreviewed · Compare

From the Income Tax Department's correspondence.

(1) Where any expenditure has been incurred by the assessee in any tax year, and—

(a) the assessee offers no explanation about the source of such expenditure or part thereof; or

(b) the explanation offered about the source of such expenditure by the assessee is not satisfactory in the opinion of the Assessing Officer,

then, the amount covered by such expenditure or part thereof, shall be deemed to be the income of the assessee for that tax year.

(2) Irrespective of any other provision of this Act, the amount deemed as income in sub-section (1) shall not be allowed as a deduction under this Act.

Income-tax Act, 2025: text as on 25 August 2026 · Official source ↗ ·