https://www.taxtmi.com/caselaws?id=211247 The Tribunal upheld the treatment of the surrendered amount as deemed income under Section 69A, the rejection of set-off of business loss against deemed income, and the addition on account of low gross profit rate. However, it deleted the addition on account of the difference in stock, as it was covered by the surrendered amount. en-us Wed, 04 Jan 2012 00:00:00 +0530 Fri, 18 May 2012 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211247 The Tribunal upheld the treatment of the surrendered amount as deemed income under Section 69A, the rejection of set-off of business loss against deemed income, and the addition on account of low gross profit rate. However, it deleted the addition on account of the difference in stock, as it was covered by the surrendered amount. Case-Laws Income Tax Wed, 04 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211247