https://www.taxtmi.com/article/detailed?id=15849 Where sums recorded and explained in the books as discounts and incentives are declared as income under the head profit and gains of business and linked to business activity by turnover and stock analysis, they should be assessed as business receipts rather than unexplained cash credits under Section 68; consequently the enhanced tax provision under Section 115BBE is not triggered when such amounts are taxed as business income. en-us Tue, 10 Feb 2026 09:11:03 +0530 Tue, 10 Feb 2026 09:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15849 Where sums recorded and explained in the books as discounts and incentives are declared as income under the head profit and gains of business and linked to business activity by turnover and stock analysis, they should be assessed as business receipts rather than unexplained cash credits under Section 68; consequently the enhanced tax provision under Section 115BBE is not triggered when such amounts are taxed as business income. Articles Income Tax Tue, 10 Feb 2026 09:11:03 +0530 https://www.taxtmi.com/article/detailed?id=15849