Excess stock found during survey, acquired from suppressed business profits, is taxable as business income, not under Section 69B.
Excess stock found during survey, acquired from suppressed business profits, is taxable as business income, not under Section 69B. Issue Whether excess stock discovered during a Section 133A survey, consisting of regular trading commodities acquired out of suppressed business profits, is assessable as business income under normal provisions or as unexplained investment under Section 69B… Read More »