Income surrendered in survey action - undisclosed professional ...

Income Tax

August 24, 2023

Income surrendered in survey action - undisclosed professional income - In fact, no such income has been found during the survey action. However, the assessee to keep his promise, has offered for taxation the surrendered additional professional income - Action of the AO in assessing the aforesaid surrendered income as income from unexplained sources u/s 69 cannot be held to be justified - To be taxed as professional income - AT

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Income surrendered in survey action - undisclosed professional ...

Income Tax

August 24, 2023

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