1, 2 (1) For the purposes of computing the total income under this Chapter, no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income under this Act.
3 (2) The Assessing Officer shall determine the amount of expenditure incurred in relation to such income which does not form part of the total income under this Act in accordance with such method as may be prescribed, if the Assessing Officer, having regard to the accounts of the assessee, is not satisfied with the correctness of the claim of the assessee in respect of such expenditure in relation to income which does not form part of the total income under this Act.
(3) The provisions of sub-section (2) shall also apply in relation to a case where an assessee claims that no expenditure has been incurred by him in relation to income which does not form part of the total income under this Act:
4 Provided that nothing contained in this section shall empower the Assessing
Officer either to reassess under section 147 or pass an order enhancing the
assessment or reducing a refund already made or otherwise increasing the
liability of the assessee under section 154, for any assessment year beginning
on or before the 1st day of April, 2001.
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1. Ins. by Act 14 of 2001, s. 11 (w.e.f. 1-4-1962).
2. Section 14A renumbered as sub-section (1) thereof by Act 21 of 2006, s. 7 (w.e.f. 1-4-2007).
3. Ins. by s. 7, ibid. (w.e.f. 1-4-2007).
4. Ins. by Act 20 of 2002, s. 10 (w.e.f.
11-5-2001).
Section 13 Section 11 not to apply in certain cases
Section 13A Special provision relating to incomes of political parties
Section 13B Special provisions relating to voluntary contributions received by electoral trust
Section 14A Expenditure incurred in relation to income not includible in total income
Section 16 Deductions from salaries
Section 17 Salary, perquisite and profits in lieu of salary defined
Section 22 Income from house property
Section 23 Annual value how determined
Section 24 Deductions from income from house property
Section 25 Amounts not deductible from income from house property