Excess stock is business income, not u/s 69. Partner's earnings taxed as business income per Section 28(v). https://www.taxtmi.com/highlights?id=30815 Excess stock found during the course of survey is income from business and profession and cannot be assessed U/s 69 - U/s 28(v) the interest, salary, bonus, commission and remuneration in the name of partner is assessed to tax as income from business and profession. - AT en-us Wed, 17 Aug 2016 09:08:25 +0530 Wed, 17 Aug 2016 09:08:25 +0530 TaxTMI RSS Generator Excess stock is business income, not u/s 69. Partner's earnings taxed as business income per Section 28(v). https://www.taxtmi.com/highlights?id=30815 Excess stock found during the course of survey is income from business and profession and cannot be assessed U/s 69 - U/s 28(v) the interest, salary, bonus, commission and remuneration in the name of partner is assessed to tax as income from business and profession. - AT Highlights Income Tax Wed, 17 Aug 2016 09:08:25 +0530 https://www.taxtmi.com/highlights?id=30815