https://www.taxtmi.com/caselaws?id=768879 Additional income surrendered during survey was held to be assessable as business income where the assessee's regular receipts arose from business and the surrendered amount was linked, on the facts, to that business activity. The character of the income was determined by its source, not by its end use or the fact that it was declared during survey. Because the amount was not shown to originate from an unknown source, it could not be taxed as unexplained income under the higher-rate provisions. en-us Fri, 04 Apr 2025 00:00:00 +0530 Tue, 15 Apr 2025 08:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768879 Additional income surrendered during survey was held to be assessable as business income where the assessee's regular receipts arose from business and the surrendered amount was linked, on the facts, to that business activity. The character of the income was determined by its source, not by its end use or the fact that it was declared during survey. Because the amount was not shown to originate from an unknown source, it could not be taxed as unexplained income under the higher-rate provisions. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768879