https://www.taxtmi.com/caselaws?id=782486 Additional income disclosed during survey proceedings, where linked to discrepancies in accounts and shown to arise from the assessee's own business activities, was treated as business income. On that basis, it was held not to fall within the special taxation regime under section 115BBE for unexplained income. The amount was therefore directed to be taxed at the normal rate applicable to income from business or profession, rather than at the special rate. The principle stated is that survey-based disclosure will be taxed according to its true character when the record shows a business source. en-us Tue, 04 Nov 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782486 Additional income disclosed during survey proceedings, where linked to discrepancies in accounts and shown to arise from the assessee's own business activities, was treated as business income. On that basis, it was held not to fall within the special taxation regime under section 115BBE for unexplained income. The amount was therefore directed to be taxed at the normal rate applicable to income from business or profession, rather than at the special rate. The principle stated is that survey-based disclosure will be taxed according to its true character when the record shows a business source. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782486