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![Excess Stock Discovered in Survey by Tax Authorities Treated as Regular Business Income, Not Deemed Income u/s 69B of IT Act as fully disclosed in Books; Section 115BBE Inapplicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Excess-Stock-Discovered-in-Survey-by-Tax-Authorities-Excess-Stock-Business-Income-IT-Act-ITAT-taxscan.jpg "Excess Stock Discovered in Survey by Tax Authorities Treated as Regular Business Income, Not Deemed Income u/s 69B of IT Act as fully disclosed in Books; Section 115BBE Inapplicable: ITAT [Read Order]")
Excess Stock Discovered in Survey by Tax Authorities Treated as Regular Business Income, Not Deemed Income u/s 69B of IT Act as fully disclosed in Books; Section 115BBE Inapplicable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Amritsar Bench has held that excess stock discovered during the survey by tax authorities should be treated...
![Deemed Income u/s 11(3) cant be a Claim of Exemption: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deemed-income-Trust-Trustee-ITAT-Income-Tax-Charitable-Trust-Exemptions-income-tax-taxscan.jpg "Deemed Income u/s 11(3) cant be a Claim of Exemption: ITAT Dismisses Appeal [Read Order]")
![Suppression in Net Sales assessable as Business Income, can’t be treated as Deemed Income u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Suppression-Net-Sales-assessable-Business-Income-treated-Deemed-Income-ITAT-Taxscan.jpeg "Suppression in Net Sales assessable as Business Income, can’t be treated as Deemed Income u/s 68: ITAT [Read Order]")
![ALP and Resultant Excess Profit to be treated as Deemed Income under Other Sources: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/ALP-deemed-income-other-sources-Madras-High-Court-Taxscan.jpg "ALP and Resultant Excess Profit to be treated as Deemed Income under Other Sources: Madras High Court [Read Order]")
![Income Transferred from Capital Fund A/c can’t be treated as ‘ Deemed Income ’ of Trust since Fund has been utilized for Specific Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Deemed-Income-Taxscan.jpg "Income Transferred from Capital Fund A/c can’t be treated as ‘ Deemed Income ’ of Trust since Fund has been utilized for Specific Purpose: ITAT [Read Order]")