As per section 68, any sum found credited in the books of a taxpayer, for which he offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, may be charged to income-tax as the income of the taxpayer of that year.
source https://www.caclubindia.com/articles/section-68-unexplained-cash-credit-48116.asp
source https://www.caclubindia.com/articles/section-68-unexplained-cash-credit-48116.asp
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