Provisions of section 115BBE not applicable where surrender is made to cover any discrepancy

Smt. Nandini Sharma Vs ACIT/DCIT Central Circle (ITAT Amritsar) ITAT Amritsar held that provisions of section 115BBE of the Income Tax Act cannot be made applicable where assessee has made a statement that the excess stock was a result of suppression of profit in respect of sales made outside the books of accounts. Facts- During survey operations, stock of Rs.54,94,959/- was found as against stock of Rs. 48,68,459/- as per Books of Account. Thus, an excess stock of Rs.6,26,500/- was found. The assessment for the Ay 2019-20 was completed u/s 143(3) by invoking the provisions of section 115BBE o...