https://www.taxtmi.com/highlights?id=73271 Addition u/s. 69A - income surrendered during survey - undisclosed business income or income from other sources - What has been found during survey is excess stock of the business of the assessee. The assesses case, in fact, we find on a better footing since the assessee has disclosed investment made by way of purchases for the excess stock not only in its business books of accounts but also in the VAT return filed to the VAT authorities. - CIT(A) has rightly treated the same as being derived from the undisclosed business income - AT en-us Tue, 28 Nov 2023 07:42:14 +0530 Tue, 28 Nov 2023 17:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73271 Addition u/s. 69A - income surrendered during survey - undisclosed business income or income from other sources - What has been found during survey is excess stock of the business of the assessee. The assesses case, in fact, we find on a better footing since the assessee has disclosed investment made by way of purchases for the excess stock not only in its business books of accounts but also in the VAT return filed to the VAT authorities. - CIT(A) has rightly treated the same as being derived from the undisclosed business income - AT Highlights Income Tax Tue, 28 Nov 2023 07:42:14 +0530 https://www.taxtmi.com/highlights?id=73271