https://www.taxtmi.com/highlights?id=72018 Unexplained cash credits u/s. 68 - taxability u/s. 115BBE - once the nature and source of credit found in the books of accounts of the assessee is linked to business, then any income generated out of such business activity is assessable under the head income from business and profession alone, but not under the provisions of section 68 of the Act. - Taxable under normal rate of tax applicable to firms. - AT en-us Fri, 15 Sep 2023 08:53:58 +0530 Fri, 15 Sep 2023 11:04:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72018 Unexplained cash credits u/s. 68 - taxability u/s. 115BBE - once the nature and source of credit found in the books of accounts of the assessee is linked to business, then any income generated out of such business activity is assessable under the head income from business and profession alone, but not under the provisions of section 68 of the Act. - Taxable under normal rate of tax applicable to firms. - AT Highlights Income Tax Fri, 15 Sep 2023 08:53:58 +0530 https://www.taxtmi.com/highlights?id=72018