https://www.taxtmi.com/highlights?id=30504 Income surrendered during survey - whether is to be taxed u/s 69-A - whether set off losses u/s 70 and 71 is not permissible against such income? - Merely because an assessee carries on certain business, it does not necessarily follow that the amounts surrendered by him are on account of its business transactions. - HC en-us Wed, 27 Jul 2016 12:34:26 +0530 Wed, 27 Jul 2016 12:34:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30504 Income surrendered during survey - whether is to be taxed u/s 69-A - whether set off losses u/s 70 and 71 is not permissible against such income? - Merely because an assessee carries on certain business, it does not necessarily follow that the amounts surrendered by him are on account of its business transactions. - HC Highlights Income Tax Wed, 27 Jul 2016 12:34:26 +0530 https://www.taxtmi.com/highlights?id=30504