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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Surrender of income during survey - to be treated as Business ...

May 29, 2018

Case Laws     Income Tax     AT

Surrender of income during survey - to be treated as Business income or taxable u/s 69 - AO was not justified in taxing the surrender made on account of excess stock and excess cash found U/s 69. Thus, there is no justification for taxing such income U/s 115BBE of the Act. - AT

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