Income Surrendered in Survey Tied to Business, Not Deemed Income u/ss 69/69A, Says CIT(A).

Income Surrendered in Survey Tied to Business, Not Deemed Income u/ss 69/69A, Says CIT(A). https://www.taxtmi.com/highlights?id=71430 Nature of income surrendered during the course of survey u/s 133A - deemed income u/s 69 and 69A or business income - The surrender on account of advances were relating to the business being carried on by the assessee. The ld CIT(A) has also returned a finding that the advances were admitted as being related to business activity of the assessee. - AT en-us Fri, 11 Aug 2023 13:49:48 +0530 Fri, 11 Aug 2023 13:49:48 +0530 TaxTMI RSS Generator Income Surrendered in Survey Tied to Business, Not Deemed Income u/ss 69/69A, Says CIT(A). https://www.taxtmi.com/highlights?id=71430 Nature of income surrendered during the course of survey u/s 133A - deemed income u/s 69 and 69A or business income - The surrender on account of advances were relating to the business being carried on by the assessee. The ld CIT(A) has also returned a finding that the advances were admitted as being related to business activity of the assessee. - AT Highlights Income Tax Fri, 11 Aug 2023 13:49:48 +0530 https://www.taxtmi.com/highlights?id=71430