Stock surrendered during survey held business income not cash credits or unexplained money u/s 69 or 69A. Question of application…
Surrender of income due to recovery of documents during survey can not be said to be voluntarily. ITAT upheld penalty…
Set off of expenses against surrendered income held erroneous and prejudicial to the interest of the revenue as assessee failed…
Cash surrendered during survey and added to WIP can not be disallowed u/s 68 as income was already declared in…
No addition on the basis of surrender made at the time of survey. It is to be based on evidences…