https://www.taxtmi.com/caselaws?id=429158 The tribunal allowed the appeal, concluding that section 115BBE was inapplicable as no excess stock was discovered. The surrendered income was deemed business income and taxed under regular provisions. The Assessing Officer was instructed to calculate the surrendered income accordingly. The decision was rendered on 10.10.2022. en-us Mon, 10 Oct 2022 00:00:00 +0530 Wed, 19 Oct 2022 09:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429158 The tribunal allowed the appeal, concluding that section 115BBE was inapplicable as no excess stock was discovered. The surrendered income was deemed business income and taxed under regular provisions. The Assessing Officer was instructed to calculate the surrendered income accordingly. The decision was rendered on 10.10.2022. Case-Laws Income Tax Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429158