https://www.taxtmi.com/highlights?id=74077 Higher rate of tax u/s 115BBE - As noted that the assessee has declared additional income towards excess stock found during the course of survey and assessee has explained the source for excess stock found during the course of survey i.e., that it was out of income earned from current year business or earlier years business and surrendered the amount, the AO has not done anything to dispute the claim of assessee that the source was not from the business income. - AT en-us Wed, 10 Jan 2024 10:57:58 +0530 Thu, 11 Jan 2024 11:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74077 Higher rate of tax u/s 115BBE - As noted that the assessee has declared additional income towards excess stock found during the course of survey and assessee has explained the source for excess stock found during the course of survey i.e., that it was out of income earned from current year business or earlier years business and surrendered the amount, the AO has not done anything to dispute the claim of assessee that the source was not from the business income. - AT Highlights Income Tax Wed, 10 Jan 2024 10:57:58 +0530 https://www.taxtmi.com/highlights?id=74077