https://www.taxtmi.com/caselaws?id=305961 The Tribunal allowed both appeals, directing the correct addition for excess stock at Rs. 6,75,78,045. The addition for unaccounted sales and expenses was reduced to Rs. 61,91,180, covered by the surrender of Rs. 1 crore. The excess cash found was included in the surrender amount. The application of section 115BBE and the 60% tax rate were rejected. en-us Mon, 22 Aug 2022 00:00:00 +0530 Wed, 02 Aug 2023 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305961 The Tribunal allowed both appeals, directing the correct addition for excess stock at Rs. 6,75,78,045. The addition for unaccounted sales and expenses was reduced to Rs. 61,91,180, covered by the surrender of Rs. 1 crore. The excess cash found was included in the surrender amount. The application of section 115BBE and the 60% tax rate were rejected. Case-Laws Income Tax Mon, 22 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305961