https://www.taxtmi.com/caselaws?id=463882 Income surrendered during survey for excess stock, when recorded in the books as additional business income and reflected in the trading account, did not constitute a cash credit under section 68. As section 68 was not attracted on these facts, the enhanced tax rate under section 115BBE could not be applied. The amount was therefore assessable at the regular rate in favour of the assessee. en-us Fri, 21 Apr 2023 00:00:00 +0530 Sat, 20 Sep 2025 15:28:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463882 Income surrendered during survey for excess stock, when recorded in the books as additional business income and reflected in the trading account, did not constitute a cash credit under section 68. As section 68 was not attracted on these facts, the enhanced tax rate under section 115BBE could not be applied. The amount was therefore assessable at the regular rate in favour of the assessee. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463882