Income Surrendered in Survey Tied to Business, Not Deemed Income u/ss 69/69A, Says CIT(A).

Nature of income surrendered during the course of survey u/s 133A - deemed income u/s 69 and 69A or business income - The surrender on account of advances were relating to the business being carried on by the assessee. The ld CIT(A) has also returned a finding that the advances were admitted as being related to business activity of the assessee. - AT .....

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