https://www.taxtmi.com/forum/issue?id=2114 Surrendered cash declared during a survey based on the assessee's jottings is treated as declaration rooted in incriminating evidence; the head of income depends on the nature of those jottings. If the amount pertains to the survey year and is disclosed in the return, penalty provisions do not apply. Survey proceedings do not require the taxpayer to specify or substantiate the manner of derivation of the undisclosed income as would be required under other assessment provisions, though tax can be paid and deposited. en-us Sat, 14 Aug 2010 07:19:01 +0530 Thu, 23 Jan 2025 15:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2114 Surrendered cash declared during a survey based on the assessee's jottings is treated as declaration rooted in incriminating evidence; the head of income depends on the nature of those jottings. If the amount pertains to the survey year and is disclosed in the return, penalty provisions do not apply. Survey proceedings do not require the taxpayer to specify or substantiate the manner of derivation of the undisclosed income as would be required under other assessment provisions, though tax can be paid and deposited. Discussion-Forum Income Tax Sat, 14 Aug 2010 07:19:01 +0530 https://www.taxtmi.com/forum/issue?id=2114