Section 115BBE of Income Tax Act not applicable on Surrendered Income on account of Excess Stock found during course of Survey: ITAT [Read Order]

By Aparna. M - On August 9, 2023 5:00 pm - 3 mins read

Section 115BBE of Income Tax Act - Income Tax Act - Surrendered Income - Surrendered Income on account of Excess Stock - Income - account of Excess Stock - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Indore bench held that Section 115BBE of the Income Tax Act, 1961 is not applicable on surrendered income on account of excess stock found during the course of Survey . Even if excess stock found during survey was not recorded in the books of account but during the filing…

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