Held that income offered in the course of survey as additional stock is assessable as business income. Addition cannot be made as undisclosed investment and special rate of tax as per section 115BBE cannot be applied.(AY.2019-20)
Milkhi Mal Des Raj Jain v. ACIT (2024)114 ITR 17 (Amritsar)(Trib)
S. 69 :Unexplained investments-Survey-Surrender of income-Stock offered as business income-Assessable as business income-Special rate of tax cannot be applied. [S.115BBE, 133A]
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