https://www.taxtmi.com/caselaws?id=797474 Income surrendered during a survey and included in the return cannot be taxed at the special rate under section 115BBE merely because its source is not precisely explained. Section 115BBE applies only to income properly falling within the deeming provisions for unexplained credits, investments, money, expenditure or related items. The relevant deeming provision must be specifically identified, and its foundational conditions must be established. Where no such provision is invoked and no findings support its application, surrendered income remains taxable at the normal applicable rate. en-us Tue, 11 Aug 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797474 Income surrendered during a survey and included in the return cannot be taxed at the special rate under section 115BBE merely because its source is not precisely explained. Section 115BBE applies only to income properly falling within the deeming provisions for unexplained credits, investments, money, expenditure or related items. The relevant deeming provision must be specifically identified, and its foundational conditions must be established. Where no such provision is invoked and no findings support its application, surrendered income remains taxable at the normal applicable rate. Case-Laws Income Tax Tue, 11 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797474