https://www.taxtmi.com/caselaws?id=787852 Whether excess stock found on survey is taxable as unexplained investment or as business income was decided by applying the mixed-stock principle: deeming provisions apply only where the asset is separately identifiable or the assessee fails to satisfactorily explain source. Here the excess stock formed part of mixed business inventory, documentary records and surveyed admissions linked it to business receipts, and the assessee offered it as additional business income; accordingly the amount was treated as business income rather than unexplained investment. en-us Fri, 06 Feb 2026 00:00:00 +0530 Fri, 13 Mar 2026 08:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787852 Whether excess stock found on survey is taxable as unexplained investment or as business income was decided by applying the mixed-stock principle: deeming provisions apply only where the asset is separately identifiable or the assessee fails to satisfactorily explain source. Here the excess stock formed part of mixed business inventory, documentary records and surveyed admissions linked it to business receipts, and the assessee offered it as additional business income; accordingly the amount was treated as business income rather than unexplained investment. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787852