Higher Tax Rate u/s 115BBE Upheld; Excess Cash Classified as Deemed Income Per Section 69A.

Applicability of higher rate of tax u/s 115BBE - The contention that excess cash could be treated as business income rejected. - The action of the lower-authorities in holding excess cash as deemed income u/s 69A attracting higher rate of tax u/s 115BBE sustained - AT .....

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