Deeming provisions u/s 69 r/w section 115BBE doesn’t apply to income surrendered as account receivable

Bal Krishan Vs PCIT (ITAT Chandigarh) ITAT Chandigarh held that the income so surrendered by way of account receivables cannot be brought to tax under the deeming provisions u/s 69 r/w section 115BBE of the Income Tax Act. Facts- A survey operation u/s. 133A was conducted at the business premises of the assessee on 31/08/2016. During the course of survey proceedings, certain discrepancies were noticed and confronted to the assessee and the assessee offered a sum of Rs. 2,02,00,000/- as additional income over and above the normal income and in the return of income so filed by the assessee, the ...