https://www.taxtmi.com/caselaws?id=780213 ITAT held the AO's rectification under s.154 to recast disclosed survey receipts from business income to unexplained money (s.69A) and apply special rate (s.115BBE) was impermissible. The tribunal found the issue debatable, amounted to reappraisal of facts beyond s.154's limited scope, and noted the receipts were recorded and taxed as business income in the books and return. Relying on precedents, ITAT set aside the s.154 rectification as unsustainable in law. en-us Fri, 17 Oct 2025 00:00:00 +0530 Sat, 25 Oct 2025 09:00:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780213 ITAT held the AO's rectification under s.154 to recast disclosed survey receipts from business income to unexplained money (s.69A) and apply special rate (s.115BBE) was impermissible. The tribunal found the issue debatable, amounted to reappraisal of facts beyond s.154's limited scope, and noted the receipts were recorded and taxed as business income in the books and return. Relying on precedents, ITAT set aside the s.154 rectification as unsustainable in law. Case-Laws Income Tax Fri, 17 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780213