Excess Stock & Cash Found in Survey Taxable as Business Income, Not u/s 69A/115BBE

S.G. & Co. Vs ACIT (ITAT Pune)  Excess Stock or Cash found in survey – Both Flow from Business: Tribunal Says Normal Tax Rate Applies -Not u/s 69A/115BBE Assessee, a partnership firm engaged in retail & wholesale trading of paints & hardware, faced a survey u/s 133A on 10.08.2017. During survey, excess stock of ₹51,15,217/- &  excess cash of ₹8,75,600/- were found &  admitted. In assessment u/s 143(3),  AO treated excess stock as business income but considered the excess cash as unexplained money u/s 69A, subject to tax at special rate u/s 115BBE. However, due to ...