https://www.taxtmi.com/caselaws?id=447432 ITAT Surat held that hospital receipts found during survey should be taxed as business income under section 28, not under section 68 with section 115BBE provisions. The assessee had already disclosed additional income in revised return, making re-addition inappropriate. CIT(A) correctly allowed section 35AD deduction for capital expenditure as hospital had over 100 beds confirmed by supplier statement and photographs. Revenue's appeal dismissed on both issues. en-us Thu, 21 Dec 2023 00:00:00 +0530 Mon, 25 Dec 2023 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447432 ITAT Surat held that hospital receipts found during survey should be taxed as business income under section 28, not under section 68 with section 115BBE provisions. The assessee had already disclosed additional income in revised return, making re-addition inappropriate. CIT(A) correctly allowed section 35AD deduction for capital expenditure as hospital had over 100 beds confirmed by supplier statement and photographs. Revenue's appeal dismissed on both issues. Case-Laws Income Tax Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447432