Exemption u/s 10A available on undisclosed income surrendered during survey proceeding u/s 133A

Brief about the case

The assessee was a partnership firm manufacturing & exporting gold jewellery. Being located in Noida Special Economic Zone (NSEZ) it claimed exemption of income under section 10A of the Act. The assessee was selected for scrutiny wherein the AO verified and allowed the claim of the assessee for exemption u/s 10A. During the year under consideration a survey u/s 133A of the Act was carried out and physical stock of gold 12kg and some loose leaflets of papers were found which di

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