https://www.taxtmi.com/caselaws?id=308836 The Tribunal upheld the characterization of excess cash found during surveys as undisclosed income under section 69A and the application of section 115BBE for a higher tax rate in ITA No. 245/Ind/2021 and ITA No. 247/Ind/2021. In ITA No. 246/Ind/2021, the Tribunal partially allowed the appeal by deleting the addition of gross profit on stock shortage but maintained the treatment of excess cash under section 69A and section 115BBE. en-us Wed, 29 Jun 2022 00:00:00 +0530 Wed, 26 Jul 2023 21:09:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308836 The Tribunal upheld the characterization of excess cash found during surveys as undisclosed income under section 69A and the application of section 115BBE for a higher tax rate in ITA No. 245/Ind/2021 and ITA No. 247/Ind/2021. In ITA No. 246/Ind/2021, the Tribunal partially allowed the appeal by deleting the addition of gross profit on stock shortage but maintained the treatment of excess cash under section 69A and section 115BBE. Case-Laws Income Tax Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308836