https://www.taxtmi.com/caselaws?id=802663 Excess cash and stock found during a survey are treated as business income rather than deemed unexplained income where they are linked to the declared business, recorded before the accounts are finalised and offered to tax, with no evidence of another income source. Recording the stock in the trading account and the cash in the capital account before finalisation is relevant to this treatment. These circumstances differ from unrecorded income relating to an earlier, closed financial year. en-us Mon, 05 Oct 2026 00:00:00 +0530 Fri, 13 Nov 2026 08:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802663 Excess cash and stock found during a survey are treated as business income rather than deemed unexplained income where they are linked to the declared business, recorded before the accounts are finalised and offered to tax, with no evidence of another income source. Recording the stock in the trading account and the cash in the capital account before finalisation is relevant to this treatment. These circumstances differ from unrecorded income relating to an earlier, closed financial year. Case-Laws Income Tax Mon, 05 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802663