https://www.taxtmi.com/caselaws?id=471405 Income surrendered during a survey for excess cash, stock discrepancies, unrecorded creditors, debtors and construction investment remains business income where the taxpayer's sole demonstrated source is its electrical and electronic goods business, no independent non-business source is shown, and the survey disclosure links the amounts to business activities. Incomplete books requiring reconciliation of cash and stock discrepancies do not, on those facts, justify characterising the amounts as unexplained investment or unexplained money under sections 69 and 69A. The deemed-income rate under section 115BBE consequently does not apply. en-us Mon, 07 Apr 2025 00:00:00 +0530 Tue, 01 Sep 2026 19:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471405 Income surrendered during a survey for excess cash, stock discrepancies, unrecorded creditors, debtors and construction investment remains business income where the taxpayer's sole demonstrated source is its electrical and electronic goods business, no independent non-business source is shown, and the survey disclosure links the amounts to business activities. Incomplete books requiring reconciliation of cash and stock discrepancies do not, on those facts, justify characterising the amounts as unexplained investment or unexplained money under sections 69 and 69A. The deemed-income rate under section 115BBE consequently does not apply. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471405