https://www.taxtmi.com/caselaws?id=462515 The Tribunal held that excess stock valued at Rs. 37,00,000 found during survey under section 133A and offered as income by the assessee constituted business income, not unexplained investment under section 69B. The assessee explained the excess stock as inventory purchased for anticipated seasonal demand and credited it to profit and loss account. Following precedents including Bajargan Traders, the Tribunal ruled that explained excess stock from regular business operations cannot attract sections 69B or 115BBE. The appeals were allowed, setting aside orders treating the amount as unexplained investment subject to special tax provisions. en-us Thu, 03 Aug 2023 00:00:00 +0530 Fri, 27 Jun 2025 19:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462515 The Tribunal held that excess stock valued at Rs. 37,00,000 found during survey under section 133A and offered as income by the assessee constituted business income, not unexplained investment under section 69B. The assessee explained the excess stock as inventory purchased for anticipated seasonal demand and credited it to profit and loss account. Following precedents including Bajargan Traders, the Tribunal ruled that explained excess stock from regular business operations cannot attract sections 69B or 115BBE. The appeals were allowed, setting aside orders treating the amount as unexplained investment subject to special tax provisions. Case-Laws Income Tax Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462515