Excess stock found during the course of survey is income from ...

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

August 17, 2016

Case Laws Income Tax AT

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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Excess stock found during the course of survey is income from ...

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

August 17, 2016

Case Laws Income Tax AT

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