https://www.taxtmi.com/caselaws?id=346663 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s order, confirming that the excess stock should be treated as business income, the set-off of business loss against the income from excess stock is allowable, and the tax on the surrendered income should be charged at the normal rate, not the special rate under section 115BBE, for the assessment year 2013-14. en-us Tue, 08 Aug 2017 00:00:00 +0530 Mon, 08 Aug 2022 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346663 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s order, confirming that the excess stock should be treated as business income, the set-off of business loss against the income from excess stock is allowable, and the tax on the surrendered income should be charged at the normal rate, not the special rate under section 115BBE, for the assessment year 2013-14. Case-Laws Income Tax Tue, 08 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346663