https://www.taxtmi.com/caselaws?id=758617 The ITAT Jaipur-AT partially allowed the assessee's appeal in a Section 263 revision case involving survey proceedings. The court found the AO's order prejudicial to revenue interests regarding excess cash found during survey, as the AO failed to compute tax under Section 115BBE despite ordering its application. However, concerning excess stock of Rs. 1,70,335, the ITAT held the AO took a plausible view by treating it as business income rather than applying Section 115BBE, making the revision order inappropriate on this aspect. en-us Thu, 29 Aug 2024 00:00:00 +0530 Tue, 17 Sep 2024 08:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758617 The ITAT Jaipur-AT partially allowed the assessee's appeal in a Section 263 revision case involving survey proceedings. The court found the AO's order prejudicial to revenue interests regarding excess cash found during survey, as the AO failed to compute tax under Section 115BBE despite ordering its application. However, concerning excess stock of Rs. 1,70,335, the ITAT held the AO took a plausible view by treating it as business income rather than applying Section 115BBE, making the revision order inappropriate on this aspect. Case-Laws Income Tax Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758617