https://www.taxtmi.com/caselaws?id=463924 ITAT partly allowed the appeal. Excess stock discovered in a survey, which was offered in the return, was held to be undisclosed business income and not unexplained investment; consequently it is not taxable under section 115BBE. Conversely, admitted suppression of construction cost was held to be unexplained investment under section 69B and accordingly taxable under section 115BBE; the CIT(A)'s view on this point was approved. The order was modified to reflect these distinctions. en-us Thu, 06 Jul 2023 00:00:00 +0530 Mon, 22 Sep 2025 21:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463924 ITAT partly allowed the appeal. Excess stock discovered in a survey, which was offered in the return, was held to be undisclosed business income and not unexplained investment; consequently it is not taxable under section 115BBE. Conversely, admitted suppression of construction cost was held to be unexplained investment under section 69B and accordingly taxable under section 115BBE; the CIT(A)'s view on this point was approved. The order was modified to reflect these distinctions. Case-Laws Income Tax Thu, 06 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463924