https://www.taxtmi.com/caselaws?id=350509 Excess stock found during survey, where the investment was directly traceable to regular trading stock and brought into the books through accounting entries, was treated as business income rather than as income from other sources or a deemed addition under section 69. The text also states that no notional interest could be added on an advance to the partner's wife when the advance had business connection and commercial justification, because hypothetical income cannot be taxed without real accrual. The High Court accepted the Tribunal's view and noted that no substantial question of law arose. en-us Tue, 12 Sep 2017 00:00:00 +0530 Fri, 19 Sep 2025 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350509 Excess stock found during survey, where the investment was directly traceable to regular trading stock and brought into the books through accounting entries, was treated as business income rather than as income from other sources or a deemed addition under section 69. The text also states that no notional interest could be added on an advance to the partner's wife when the advance had business connection and commercial justification, because hypothetical income cannot be taxed without real accrual. The High Court accepted the Tribunal's view and noted that no substantial question of law arose. Case-Laws Income Tax Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350509