https://www.taxtmi.com/caselaws?id=778998 ITAT JAIPUR - AT allowed the appeal, holding that while excess stock was rightly treated as business income, the AO/CIT(A) erred in treating the balance cash, amounts advanced to debtors (Rs.15,50,000) and construction investment (Rs.14,00,000) as unexplained under ss.69, 69A and 69B and taxing them under s.115BBE. The assessee had declared the source as business income during the survey and furnished lists with no finding that recipients were non-customers or that amounts were not business-generated; those assertions went unrebutted, so the additions were deleted. en-us Thu, 21 Aug 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778998 ITAT JAIPUR - AT allowed the appeal, holding that while excess stock was rightly treated as business income, the AO/CIT(A) erred in treating the balance cash, amounts advanced to debtors (Rs.15,50,000) and construction investment (Rs.14,00,000) as unexplained under ss.69, 69A and 69B and taxing them under s.115BBE. The assessee had declared the source as business income during the survey and furnished lists with no finding that recipients were non-customers or that amounts were not business-generated; those assertions went unrebutted, so the additions were deleted. Case-Laws Income Tax Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778998