https://www.taxtmi.com/caselaws?id=778693 ITAT PUNE - AT held that additional income surrendered during a survey, taxed as business income at normal rates in AY 2017-18, could not be recharacterized by the Revenue in the immediately subsequent year as deemed income under s.69B/69C read with s.115BBE absent any change in facts. The Tribunal upheld the CIT(A)'s deletion of tax computed at the special rate and dismissed the Revenue's appeal, finding no infirmity in treating the declaration as business income. en-us Tue, 21 Jan 2025 00:00:00 +0530 Sat, 20 Sep 2025 08:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778693 ITAT PUNE - AT held that additional income surrendered during a survey, taxed as business income at normal rates in AY 2017-18, could not be recharacterized by the Revenue in the immediately subsequent year as deemed income under s.69B/69C read with s.115BBE absent any change in facts. The Tribunal upheld the CIT(A)'s deletion of tax computed at the special rate and dismissed the Revenue's appeal, finding no infirmity in treating the declaration as business income. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778693