https://www.taxtmi.com/caselaws?id=434179 The Tribunal ruled that the excess stock found in the business premises should be treated as business income and not as unexplained investment under Section 69A. Consequently, the tax levied under Section 115BBE was rejected. The issue of interest under Sections 234B and 234C was acknowledged but not extensively addressed. The appeal was partly allowed, with the order pronounced on 6th February 2023. en-us Mon, 06 Feb 2023 00:00:00 +0530 Fri, 17 Feb 2023 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434179 The Tribunal ruled that the excess stock found in the business premises should be treated as business income and not as unexplained investment under Section 69A. Consequently, the tax levied under Section 115BBE was rejected. The issue of interest under Sections 234B and 234C was acknowledged but not extensively addressed. The appeal was partly allowed, with the order pronounced on 6th February 2023. Case-Laws Income Tax Mon, 06 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434179