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Excess stock is business income, not u/s 69. Partner's earnings taxed as business income per Section 28(v).

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....Excess stock found during the course of survey is income from business and profession and cannot be assessed U/s 69 - U/s 28(v) the interest, salary, bonus, commission and remuneration in the name of partner is assessed to tax as income from business and profession. - AT....

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