Addition u/s 69 - the income surrendered during the course of ...

Survey Income: Not Taxed u/s 69, Should Be Business Income, Avoids 60% Tax Rate u/s 115BBE.

August 3, 2023

Case Laws Income Tax AT

Addition u/s 69 - the income surrendered during the course of survey cannot be brought to tax under the deeming provisions of section 69 and the same has been rightly offered to tax under the head “business income”. - Not liable for higher rate of tax u/s 115BBE i.e. @ 60% - AT

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Addition u/s 69 - the income surrendered during the course of ...

Survey Income: Not Taxed u/s 69, Should Be Business Income, Avoids 60% Tax Rate u/s 115BBE.

August 3, 2023

Case Laws Income Tax AT

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