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Income Tax - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Undisclosed investment v/s business income - addition u/s. 69 - ...

Income Tax

May 9, 2023

Undisclosed investment v/s business income - addition u/s. 69 - It is a case of excess stock found during the carrying of the business and stock is generated out of business income and therefore, the provision of section 69 on the facts of the case has no applicability. - consequently, the provision of section 115BBE is not applicable - AT

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