https://www.taxtmi.com/caselaws?id=311034 The ITAT Jodhpur allowed the appeal, determining that the excess cash of Rs. 5 Lacs surrendered during survey proceedings at the business premises should be taxed as business income at slab rates, rather than at 30% under Section 115BBE. The Tribunal concluded that the cash discrepancies were part of business receipts and not undisclosed income, thus not subject to the provisions of Section 115BBE. en-us Mon, 21 Dec 2020 00:00:00 +0530 Mon, 04 Dec 2023 21:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311034 The ITAT Jodhpur allowed the appeal, determining that the excess cash of Rs. 5 Lacs surrendered during survey proceedings at the business premises should be taxed as business income at slab rates, rather than at 30% under Section 115BBE. The Tribunal concluded that the cash discrepancies were part of business receipts and not undisclosed income, thus not subject to the provisions of Section 115BBE. Case-Laws Income Tax Mon, 21 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311034