Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
S. 69B & S.69C additions on Survey- Declared Income not-sustainable: ITAT upholds Business Income Treatment
Income TaxOther Legal Matters
The ITAT has ruled that Section 69B and Section 69C additions on survey declared income are not sustainable, upholding business income treatment. The tribunal emphasized the need for proper evidence to support additions. This decision protects taxpayers from arbitrary additions. The ruling clarifies the application of Sections 69B and 69C.
