https://www.taxtmi.com/caselaws?id=444033 The Tribunal allowed the appeal filed by the assessee, concluding that the Assessing Officer and the Commissioner of Income Tax (Appeals) erred in assessing the additional income declared towards excess stock under Section 69B of the Income Tax Act. The Tribunal directed the Assessing Officer to assess the income under the head "income from business & profession" as declared by the assessee. en-us Wed, 30 Aug 2023 00:00:00 +0530 Sat, 07 Oct 2023 08:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444033 The Tribunal allowed the appeal filed by the assessee, concluding that the Assessing Officer and the Commissioner of Income Tax (Appeals) erred in assessing the additional income declared towards excess stock under Section 69B of the Income Tax Act. The Tribunal directed the Assessing Officer to assess the income under the head "income from business & profession" as declared by the assessee. Case-Laws Income Tax Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444033