Excess stock found in tax survey leads to unexplained investment assessment u/s 69B and tax levy u/s 115BBE.

Excess stock found in tax survey leads to unexplained investment assessment u/s 69B and tax levy u/s 115BBE. https://www.taxtmi.com/highlights?id=69502 Unexplained investment u/s. 69B and levy of tax u/s 115BBE - income towards difference in stock - excess stock found during the course of survey - AO directed to assess additional income offered towards excess stock found during the course of survey under the head profits and gains of business and profession as considered by the assessee. - AT en-us Sat, 29 Apr 2023 09:07:37 +0530 Sat, 29 Apr 2023 09:07:37 +0530 TaxTMI RSS Generator Excess stock found in tax survey leads to unexplained investment assessment u/s 69B and tax levy u/s 115BBE. https://www.taxtmi.com/highlights?id=69502 Unexplained investment u/s. 69B and levy of tax u/s 115BBE - income towards difference in stock - excess stock found during the course of survey - AO directed to assess additional income offered towards excess stock found during the course of survey under the head profits and gains of business and profession as considered by the assessee. - AT Highlights Income Tax Sat, 29 Apr 2023 09:07:37 +0530 https://www.taxtmi.com/highlights?id=69502