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Income Tax | Intermingled Excess Stock Retains Character of Business Income: ITAT Mumbai

6 Oct 2026 · 6 Oct 2026By CA Sandeep KanoiSource: TaxGuru

ITAT Mumbai held that ₹2.76 crore excess stock linked to regular business attracts normal tax, not Section 115BBE, and ordered interest verification. The post Intermingled Excess Stock Retains Character of Business Income: ITAT Mumbai appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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