Additional income disclosed during the course of survey - To be ...

Court Rules Additional Income from Survey Taxed as Business Income, Not at 60% u/s 115BBE.

September 13, 2023

Case Laws Income Tax AT

Additional income disclosed during the course of survey - To be taxed @ 60% u/s. 115BBE or not - the AO and the Ld.CIT(A) are erred in assessing additional income declared towards excess stock found during the course of survey u/s. 69B r.w.s. 115BBE of the Act - AO directed to assess the income under the head ‘income from business & profession’ as declared by the assessee. - AT

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Additional income disclosed during the course of survey - To be ...

Court Rules Additional Income from Survey Taxed as Business Income, Not at 60% u/s 115BBE.

September 13, 2023

Case Laws Income Tax AT

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