Undisclosed investment v/s business income - addition u/s. 69 - ...

Excess stock from business operations classified as business income; Sections 69 and 115BBE deemed inapplicable.

May 9, 2023

Case Laws Income Tax AT

Undisclosed investment v/s business income - addition u/s. 69 - It is a case of excess stock found during the carrying of the business and stock is generated out of business income and therefore, the provision of section 69 on the facts of the case has no applicability. - consequently, the provision of section 115BBE is not applicable - AT

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Undisclosed investment v/s business income - addition u/s. 69 - ...

Excess stock from business operations classified as business income; Sections 69 and 115BBE deemed inapplicable.

May 9, 2023

Case Laws Income Tax AT

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