https://www.taxtmi.com/caselaws?id=768879 The ITAT Chandigarh allowed the appeal of a nursing home against the CIT(A)'s order which had upheld the AO's decision to assess additional income under Section 69A at higher rates per Section 115BBE. Despite a 432-day filing delay (which was condoned), the Tribunal determined that the Rs. 25 Lacs declared by the assessee originated from business activities rather than unknown sources. The ITAT directed that this sum be treated as normal business income, not as income from undisclosed sources taxable at higher rates. en-us Fri, 04 Apr 2025 00:00:00 +0530 Tue, 15 Apr 2025 08:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768879 The ITAT Chandigarh allowed the appeal of a nursing home against the CIT(A)'s order which had upheld the AO's decision to assess additional income under Section 69A at higher rates per Section 115BBE. Despite a 432-day filing delay (which was condoned), the Tribunal determined that the Rs. 25 Lacs declared by the assessee originated from business activities rather than unknown sources. The ITAT directed that this sum be treated as normal business income, not as income from undisclosed sources taxable at higher rates. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768879